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

The Sackler Courtyard, V&A Exhibition Road Quarter.  Image © Hufton + Crow

The OxyContin Fortune Bankrolling Museums

  • October 19, 2017 22:22

Esquire details the little-known connection between a family fortune built on the pain ...

Read More

Karen Pence unveils her initiative: Art Therapy: Healing with the HeART

Karen Pence Explains Art Therapy for Her Second Lady Platform

  • October 18, 2017 17:15

Second Lady Karen Pence brought 100 pounds of clay with her to hurricane-ravaged Puerto Rico. ...

Read More

Norman Rockwell’s Shuffleton’s Barbershop (1950)

Rockwell Family Presses for Berkshire Museum to Halt Art Sales

  • October 17, 2017 13:13

Members of Norman Rockwell's family met with the Massachusetts attorney general's office last ...

Read More

Albert Bierstadt, The Domes of Yosemite

15-Foot Bierstadt Painting 'The Domes of Yosemite' Travels to Florida

  • October 16, 2017 15:41

The largest known painting by American master Albert Bierstadt (1830–1902) will be exhibited in ...

Read More

 

ArtfixDaily Artwire