Huguette Clark Estate Comes Closer to Becoming a Museum

Aerial view of Huguette Clark's Bellosguardo estate
Aerial view of Huguette Clark's Bellosguardo estate
(Photo: John Wiley)

Court proceedings over the weekend of Sept. 20 in New York have paved a clearer path for an art museum in the Clark Estate perched on a Santa Barbara seaside bluff.

While still likely years away as court proceedings and possible transactions will hold up the $85 million foundation and the opening of a museum in Bellosguardo, the magnificent estate owned by the late heiress Huguette Clark, a closed-door settlement was reached among multiple parties with an estate administrator. Other parties may appeal the decision.

The settlement includes $10 million in cash, a share in a Monet worth $25 million, and a seat on the board of the Bellosguardo foundation for the Corcoran Gallery in Washington, DC.

Santa Barbara mayor Helene Schneider will be allowed to appoint seven seats to the board.

Paintings owned by Clark will be sold to pay legal fees as her will was contested by various family members, the Corcoran, and other institutions.

The daughter of copper magnate William Clark, Huguette Clark died at age 104 in 2011. She left two differing wills and about $345 million in assets that have mobilized an army of lawyers. The IRS is investigating whether the estate owes $18 million in taxes in gifts.

While the battle for the estate is far from over, the framework for the Bellosguardo museum and educational center is underway.

 

 

More News Feed Headlines

Salvador Dali, 1939

Salvador Dali Foundation Sues Museum in California

  • July 15, 2018 16:39

The Salvador Dali Foundation has sued the Dali17 Museum in Monterey, Calif., for copyright ...

Read More

Robert Motherwell's Untitled, 1967

Motherwell Painting Found After Missing for Four Decades

  • July 15, 2018 16:39

A monumental painting by 20th century American master Robert Motherwell was recently found after ...

Read More

Rendering of For Lazy Lobster, part of the Artscapes series at the de Young museum in San Francisco this summer, by Cosima von Bonin, 2018.  Courtesy the artist and Petzel Gallery.

ARTFIXdaily Closed From June 25 to July 6

  • June 24, 2018 23:45

ARTFIXdaily will be closed from June 25 to July 6. Subscriber e-newsletter service will resume on ...

Read More

"Purdue" by Domenic Esposito

Gallery Owner Arrested for Placing 11-Foot Drug Spoon Sculpture Outside Purdue Pharma

  • June 24, 2018 23:45

From the Hartford Courant: A Stamford, Connecticut, art gallery owner was arrested and charged ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire