Lawsuit Settled Against Art Historian in Knoedler Case

  • A fake Rothko painting that Sotheby's chairman Domenico De Sole and his wife bought at Knoedler and settled over in another claim against the gallery and its former director Ann Freedman.

    A fake Rothko painting that Sotheby's chairman Domenico De Sole and his wife bought at Knoedler and settled over in another claim against the gallery and its former director Ann Freedman.

One of ten lawsuits filed against now-defunct Knoedler gallery in New York has been settled out of court, first reported The Art Newspaper. Terms of the settlement in Manhattan federal court on April 11 were not disclosed.

The painting in the claim was a fake Mark Rothko, one of 40 known fakes that Long Island art dealer Glafira Rosales brought to Knoedler. The gallery passed some 30 works on to collectors for a combined near-$70 million.

Las Vegas billionaire casino magnate Frank Fertitta settled this latest claim against the Swiss art historian Oliver Wick. Fertitta bought the faux Rothko from Knoedler in 2008 for $7.2 million.

According to the collector’s complaint, Fertitta said he agreed to buy the painting in part because Wick, then a curator at the Beyeler Foundation in Basel, had confirmed that “all is perfectly fine, otherwise I would not want to be involved with it. For this I stand with my name as a Rothko scholar”. Art Newspaper reports that Wick was paid $150,000 by Fertitta and $300,000 by Knoedler for his part in the sale.

More News Feed Headlines

400 Viking Artifacts Stolen from Museum in Norway

  • August 21, 2017 14:08

Some 400 objects of Viking origin were stolen from a museum in Norway sometime between Aug. 11 ...

Read More

William Langenheim (American, born Germany, Schöningen 1807-1874) and Frederick Langenheim (American, born Germany, Schöningen 1809-1879), Eclipse of the Sun, 1854, Daguerreotype.  The Metropolitan Museum of Art, Gilman Collection, Gift of The Howard Gilman Foundation, 2005.

A Peek at Rare 1854 Solar Eclipse Images, and a Full Look at the Friedman Collection of Photography

  • August 17, 2017 14:12

The Metropolitan Museum of Art owns the only surviving images of the solar eclipse that occurred ...

Read More

Sandycombe Lodge, 1814, W.  B.  Cooke after William Havell - Tate Britain.

After $3.5 Million Renovation, JMW Turner's Picturesque Cottage Opens to Visitors

  • August 16, 2017 20:21

In 1813 England’s great landscape painter JMW Turner built a small villa, Sandycombe Lodge, on a ...

Read More

Staff members evaluate the recovered de Kooning.

Stolen De Kooning Painting Returned to Museum After 3 Decades

  • August 15, 2017 12:55

A Willem de Kooning painting that had been stolen more than 31 years ago from the University of ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire