New Charges Against Art Dealer Guy Wildenstein

  • Guy Wildenstein

    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.

More News Feed Headlines

Painting of the Potocki Palace in Kraków by the 19th-century Polish countess Julia Potocka.  Photograph: Polish Government

Son of Nazi Governor Returns Looted Artworks to Poland

  • February 27, 2017 20:24

Horst Wächter, the 78-year-old son of a notorious SS general, has returned artworks taken decades ...

Read More

Andrea Rosen

Andrea Rosen Closes Her New York Gallery, Cites Need to be 'Responsive to Our Times'

  • February 22, 2017 17:16

Gallerist Andrea Rosen surprised the New York art world with an announcement on Tuesday that she ...

Read More

Joshua Tree National Park

Desert X Installs Site-Specific Artworks to Discover in California's Coachella Valley

  • February 22, 2017 17:01

An exciting new art project of the Desert Biennial, a nonprofit steering committee and charitable ...

Read More

Eric I.  Spoutz lecturing at a museum in Los Angeles in 2012

Art Dealer Eric Spoutz Sentenced to 41 Months in Prison for Fraud

  • February 20, 2017 17:06

Michigan art dealer Eric Spoutz has been sentenced to 41 months in prison for wire fraud charges ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire