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

The Floating Piers, Lake Iseo, Italy, 2014-16 Photo: Wolfgang Volz © 2016 Christo

Italian Consumer Group Files Complaint Against Christo's Floating Piers

  • June 27, 2016 13:24

The Italian consumer group Codacons announced on Monday that it would be filing a complaint to ...

Read More

Monuments Men

Bavarian State Sold Some Stolen Art to Nazi Families

  • June 27, 2016 13:02

The Monuments Men, the group portrayed by George Clooney and others in the 2014 movie, made a ...

Read More

The Arc de Triomphe from the Champs-Élysées

ARTFIXdaily Will Return Refreshed on Aug. 1

  • June 27, 2016 13:01

Dear Readers, ARTFIXdaily will be closed through July 31, 2016. The e-newsletter subscriber ...

Read More

Bill Cunningham at Fashion Week photographed by Jiyang Chen

Bill Cunningham, Legendary Fashion Photographer, Remembered

  • June 26, 2016 15:57

Famed fashion photographer Bill Cunningham, known for his candid style, died Saturday at the age ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire