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

Screenshot of Yusaku Maezawa’s “Dear Moon” website.

Japanese Billionaire Art Collector Will Invite Artists With Him to the Moon on Elon Musk's Rocket

  • September 18, 2018 12:02

In a press conference on Monday, the identity of the first lunar tourist was unveiled as Japanese ...

Read More

Leonardo DiCaprio in 2014

Leonardo DiCaprio Foundation Art Auction Raises $11 Million for Environmental Causes

  • September 16, 2018 23:23

Actor Leonardo DiCaprio's annual art benefit auction was held Sept. 15 in Sonoma County, Calif. ...

Read More

Sean Scully’s acclaimed Landline series makes its U.S.  debut at the Hirshhorn Museum and Sculpture Garden this fall.  Sean Scully, Landline Bend Triptych, 2017.  Oil on aluminum.  Three panels, each 85 × 75 in.  (215.9 × 190.5 cm).  Private collection.

Master of Color and Composition, Abstract Artist Sean Scully Spotlighted in Major Exhibitions

  • September 11, 2018 17:54

‘I have spent my life making the melancholic into something irresistible. Because the world has ...

Read More

Glenstone

Glenstone Museum Foundation Sued by Contractor for $24 Million

  • September 09, 2018 17:53

The Glenstone Foundation in Potomac, Maryland, a museum that houses a top-tier post-war and ...

Read More

Related Press Releases

 

ArtfixDaily Artwire