Art Dealer Says His Family Culture Caused Gambling Problem

  • April 24, 2014 22:19

  • Email
Helly Nahmad

A scion of the billionaire art-dealing Nahmad family blamed his upbringing for a gambling addiction that got him busted as part of a $100 million high-stakes poker ring.

Helly Nahmad, 35, head of an eponymous New York gallery, hosted A-list celebrities and sports stars at his $21.7 million Trump Tower condo where high-stakes gambling went on. He was connected to the Russian mob and a character who used mixed-martial arts to collect debts for the gambling organization.

“Since I was young, gambling was part of my family’s recreational life,” Nahmad wrote to the federal court in a bid to soften his sentence. 

His father, David, corroborated the story, writing that “Helly watched me gamble, sometimes for high stakes, and it became part of his life, too.” The father often paid the son's debts. Helly was hooked by age 14.

Helly Nahmad is seeking leniency in his sentencing on April 30. He sent a plea to the federal judge offering to do community service, by imparting his art knowledge to the city's underprivleged. Prosecutors are pushing for 12 to 18 months of prison time.

Tags: european art

  • Email

More News Feed Headlines

Lockwood de Forest (1850 - 1932), "Moon in Trailing Clouds," May 1901, oil on canvas, courtesy Sullivan Goss Gallery

Wildling Museum's Online Exhibit Starry Nights: Visions of the Night Sky, Explores Nocturne Painting, Astrophotography, and Light Pollution

  • ArtfixDaily / April 5th, 2020

The Wildling Museum of Art and Nature in Solvang, Calif., offers a virutal view of its exhibition Starry Nights: ...

Read More...
TIFFANY STUDIOS, "PEONY BORDER" FLOOR LAMP, CIRCA 1910.  SOLD FOR $137,000.

Sotheby's 20th Century Design Sale Brings Record Online at $4 Million

  • ArtfixDaily / April 5th, 2020

A Sotheby’s auction last week brought a total of $4 million, the highest-ever result for an online sale of 20th ...

Read More...
Part of the Addison Gallery's "Visualizing Poetry" curriculum is Winslow Homer (1836 - 1910) The West Wind, 1891.  Dimensions: 30 in.  x 44 in.

3 Kid-Friendly Projects from Museums To Do During School Closures

  • ArtfixDaily / April 4th, 2020

Sudden homeschooling takes a lot of juggling and tech support from parents who are trying to work from home, or are ...

Read More...
Professor David C.  Driskell

David C. Driskell, Artist and African American Art Scholar, Remembered

  • ArtfixDaily / April 2nd, 2020

David C. Driskell passed away on April 1st 2020 at the age of 88. From the David C. Driskell Center for the Study ...

Read More...

Related Events

Goto Calendar

ARTFIXdaily Artwire