Dispute Over $400 Million Huguette Clark Estate Jeopardizes Future Museum

  • Aerial view of Huguette Clark's Bellosguardo estate

    Aerial view of Huguette Clark's Bellosguardo estate

    Photo: John Wiley

A recently revealed earlier will signed by heiress Huguette Clark, who died in May at 104, puts the possibility of a new California art museum in question.

Clark, a reclusive Manhattan multimillionaire with a Gilded Age copper mining fortune, left part of her estimated $400 million estate to distant relatives in one will, and six weeks later, cut them out completely in a revised will naming other persons and institutions as her beneficiaries, including a museum foundation.

Controlled by her accountant and attorney, the foundation would oversee a new museum, to be housed in Clark's unoccupied $100 million beach bluff estate in Santa Barbara, Calif.

Now, the emergence of the previous will naming her relatives as beneficiaries will likely incur a lengthy and expensive court process.

The relatives accuse Clark's attorney and accountant of undue influence on their elderly family member and say they were denied contact with her. They contest the validity of the second will in which she left about $34 million to her nurse and more than $17 million to her attorney, Wallace Bock, and accountant, Irving Kamsler.

Both Bock and Kamsler are under criminal investigation by the New York DA, according to MSNBC.

Clark's latter will also outlined that her Santa Barbara museum would house her collection of works by the likes of William Merritt Chase, John Singer Sargent, and Renoir.

A sale of the Santa Barbara property and other assets might be a likely scenario if the relatives win their case.

 

More News Feed Headlines

Researchers Discover Way to Fight The Bacteria That Degrades Paintings

  • December 12, 2018 12:17

Besides light, heat, humidity and other factors, paintings face deterioration over time because ...

Read More

Tiffany glass fragments

Neustadt Opens Up Its 250,000-Piece Tiffany Glass Archive For Tours

  • December 11, 2018 22:03

The public can now go on tours of the world's largest archive of glass remnants from Tiffany ...

Read More

Louvre

Museums, Cultural Sites Reopen After Violent Protests in France

  • December 09, 2018 23:35

France cleaned up on Sunday after a fourth weekend of protests resulted in violence and property ...

Read More

Detail of Salvator Mundi by da Vinci

Jerry Saltz Has A Brutal Theory On Why the World's Most Expensive Painting Is "Missing"

  • December 07, 2018 12:17

Critic Jerry Saltz explains "Why the World's Most Expensive Painting Has Gone Missing" in a Vice ...

Read More

Related Press Releases

 

ArtfixDaily Artwire