Guy Wildenstein claims ignorance of missing art

  • A Degas Drawing that was reported missing or stolen and recovered by police in the Wildenstein Institute vault.

    A Degas drawing that was reported missing or stolen was recovered by police in the Wildenstein Institute vault.

    French National Police

After 36 hours in police custody and under questioning, billionaire art dealer Guy Wildenstein is sticking by his claim that he knew nothing about 30 missing paintings held in his family institute's vault in Paris. He was formally charged with concealing art that had been reported missing or stolen, which has a maximum penalty of seven years in prison.

A police raid uncovered the artworks---including a $1.1 million Berthe Morisot painting, Degas drawings and more---which heirs from various estates have been missing for decades.

Twenty of the recovered artworks belong to Suzanne Reinach, 98, who participated in the French Resistance and inherited the art from her aunt. She says she never received an estate inventory from Daniel Wildenstein, the father of Guy.

The accused art dealer, who is based in Paris and New York, maintains that there was no inventory for that vault room, which he blames on his late father as well as staffing reductions at the institute since 2001. Guy Wildenstein took charge of the institute in 2008 after his brother, Alec, passed away.

The Wildenstein Institute is an art reasearch center which publishes catalogues raisonnés for Monet, Manet and Gauguin.

More News Feed Headlines

Guy Wildenstein

Art Dealer Guy Wildenstein Caught in €600 Million Tax Evasion Case

  • September 22, 2014 00:14

Scion of the art dealing family, New York-based Guy Wildenstein faces payment of €75 million in a case stemming from French inheritance taxes left unpaid...

Read More

View of Luxembourg

Luxembourg Opens Art Freeport for Luxury Goods Storage

  • September 18, 2014 14:23

The super-rich now have a new freeport in Luxembourg where they can store and trade art, wine and other treasures without paying sales tax or customs.

Read More

Andy Warhol's "Red Shoes"

Couple Sues Arizona Art Gallery Over Sold Warhol

  • September 18, 2014 12:02

A couple says a Scottsdale art gallery that was storing their Andy Warhol work sold it without their permission.

Read More

Maurice Golubov (1905-1987) Untitled Abstract, 1929 Watercolor on paper 2 3/8 x 4 1/4 inches (6.03 x 10.8 cm

Levis Fine Ar Presents 'Maurice Golubov: Ahead of Time'

  • September 17, 2014 14:23

Levis Fine Art will present the exhibition 'Maurice Golubov: Ahead of Time,' from Sept. 18 to Oct. ...

Read More

ArtfixDaily Artwire