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

Boat Going Through Inlet (estimate: $2,500,000 – 3,500,000) by American Modernist Arthur Dove fetched $5.4 million in Christie's American Art sale on May 21, 2015.

Arthur Dove Painting Fetches $5.4 Million at Christie's; Thomas Moran Leads Western Art from William I. Koch Collection

  • May 21, 2015 15:45

Two marquee lots fell flat in Christie's American Art Sale on May 21 while definitive works by ...

Read More

Pablo Picasso's "Les Femmes d’Alger."

Speculation Swirls Around Buyer of Record $179 Million Picasso

  • May 21, 2015 11:34

“Les Femmes d’Alger,” the Pablo Picasso painting sold at Christie’s this month for a world record ...

Read More

Detail Tiffany "River of Life" Window that fetched $394,000 (estimate $200/300,000).

O'Keeffe Flower Painting, Tiffany Glass Lead Sotheby's Sales

  • May 20, 2015 21:54

Masterworks of Tiffany and Prewar Design from the Warshawsky Collection led Sotheby's sale on May ...

Read More

Pablo Picasso

Rybolovlev Family Trust Joins Picasso Heir in Legal Action Against Art Dealer

  • May 18, 2015 23:00

Russian billionaire Dmitry Rybolovlev's family trust has reportedly joined a Picasso heir as a ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

ArtfixDaily Artwire