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

Maura Axelrod - Maurizio Cattelan: Be Right Back, 2016.  © Dogwoof

Art Basel Miami Beach Kicks Off With Some Conversations

  • November 29, 2016 23:20

The world’s largest and most important contemporary art fair takes place at the Miami Beach ...

Read More

Leonardo da Vinci's “Christ as Salvator Mundi”

Legal Fray Continues Over Disputed Resale of $127.5 Million Leonardo

  • November 29, 2016 22:42

Sotheby's has asked a federal judge to clear it of any wrongdoing in a long-fought case over the ...

Read More

Manhattan skyline

Artists Spark Political Protest in New York

  • November 29, 2016 22:42

About 150 artists, gallerists, and curators marched outside Ivanka Trump and Jared Kushner's ...

Read More

Two of the founders of Guess Jeans, Maurice and Paul Marciano, plan an art museum.

Guess Co-Founders Set to Open New Museum in LA

  • November 28, 2016 21:46

TIME OUT Los Angeles: After years of buzz, the Marciano Art Foundation’s new museum in Los ...

Read More

 

ArtfixDaily Artwire