New Charges Against Art Dealer Guy Wildenstein

  • October 13, 2011 13:36

  • Email
Guy Wildenstein
Wildenstein website

The French government is now investigating Guy Wildenstein, the New York and Paris-based scion of the family of art dealers, over allegations that he hid billions of euros around the globe.

For years, Wildenstein's stepmother, Sylvia Roth, who died in 2010, accused Wildenstein of concealing a large portion of his father's estate in offshore trusts from Ireland to the Cayman Islands. Last week, investigators began to look into charges of breach of trust and money laundering.

One source estimates that Wildenstein's fortune may be worth about €4 billion ($5.5 billion).

Roth's suit is continuing against Wildenstein through her lawyer and is now joined by the government's case,

In a separate case, Wildenstein was charged earlier this year with possession of stolen goods and breach of trust. During an investigation into Roth's claims, police found artworks by the likes of Berthe Morisot, Edgar Degas, and Rembrandt Bugatti that had been missing from collectors' estates in the vault of the Wildenstein Institute in Paris.

Several lawsuits are pending against Wildenstein. One dispute involves "The Lute Player," a £69 million painting by Caravaggio, held in the Metropolitan Museum of Art in New York with the title “from a private collection,” according to the Telegraph.

Read more at Le Point


  • Email

More News Feed Headlines

 Pipilotti Rist, International Liquid Finger Prayer, 2019 (still).  Augmented reality.  Courtesy the artist and Apple

Apple and New Museum Launch App-Enabled [AR]T Initiative

  • ArtfixDaily / August 15th, 2019

Apple invited the New Museum to collaborate on a new Augmented Reality initiative to create a series of experiential ...

Read More...
Detail of the Taber Family Tianqiuping from the Philbrook Museum of Art that sold at Christie's Hong Kong in 2018 for HK$130,600,000.

Trump Imposes 10 Percent Tariff on Chinese Art and Antiques Starting September 1

  • ArtfixDaily / August 15th, 2019

U.S. President Trump deepened his trade war with China by imposing a new 10% tariff on Chinese art, antiques and ...

Read More...
"California Hills in Spring," a Childe Hassam painting stolen from the home of Tony Buzbee.

Crime Ring Used Social Media For Multi-million Dollar Art Thefts Around Houston

  • Houston Chronicle (slideshow includes images of stolen artwork) / July 25th, 2019

Burglars used social media to monitor victims' activities, scout their homes, and steal millions in artwork and other ...

Read More...
Installation view of the Whitney Biennial 2019 (Whitney Museum of American Art, New York, May 17-September 22, 2019).  Nicole Eisenman, Procession, 2019.  Photograph by Ron Amstutz.

After Warren Kanders Resigns From Whitney Museum Board, Several Boycotting Artists Decide to Stay in Biennial

  • Hyperallergic / July 25th, 2019

Warren Kanders has resigned as vice chairman of the Whitney Museum of American Art’s board of trustees, first ...

Read More...

ARTFIXdaily Artwire