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 Amon Carter Museum of American Art presents The Polaroid Project: At the Intersection of Art and Technology, through Sept.  3.  Mark Klett (b.  1952) Contemplating the view at Muley Point, Utah 1994, 1994.  Polaroid Type 55 negative.

ARTFIXdaily Closed for Maintenance, June 5-9

  • June 04, 2017 22:34

ARTFIXdaily will be closed for maintenance from June 5 to 9. E-newsletter service resumes on ...

Read More

Renoir, La Maison d’Essoyes (1906).  Private Collection.

Restored Renoir Home Will Open to the Public in June

  • May 24, 2017 14:38

A family home of French Impressionist Pierre-Auguste Renoir will open to the public on June 3 ...

Read More

Military man and his daughter looking at art at San Antonio Museum of Art, in the program Blue Star Museums, a collaboration among the National Endowment for the Arts, Blue Star Families, the Department of Defense, and more than 2,000 museums across America to offer free admission to the nation’s service members.

Trump's Official Budget Proposal Eliminates NEA

  • May 23, 2017 15:16

Similar to a "blueprint" set forth in March, President Donald Trump's official 2018 budget ...

Read More

"The Apollo Blue" earring went for $42.1 million, and "The Artemis Pink" diamond sold for $15.3 million.

Pair of Diamond Earrings Fetch Record $57.4 Million

  • May 17, 2017 15:07

A mis-matched pair of fancy colored diamond earrings sold together for $57.4 million at a Geneva ...

Read More

 

ArtfixDaily Artwire