Art Dealer Refused Tax Refund on Fake Max Ernst Painting

  • August 10, 2014 23:19

  • Email
One of the fake Max Ernst paintings created by forger Wolfgang Beltracchi. It sold for $7 million. Another brought $2.5 million.

Beltracchi was caught in his massive, global art scam in 2011 and is serving six years in prison for multiple forgeries. He admitted to faking Ernst works, leading to the discovery that Feigen's "Le Foret" was not the real thing. Feigen refunded his buyer $2.5 million, and was refunded himself by the Parisian art dealer from whom he bought it.

An administrative judge in New York ruled that the statute of limitations had passed on the transaction and no tax refund would be issued, according to state law. More than three years had passed since the deal was made and the tax paid in 2004. Feigen said he is likely to appeal.

Read more at New York Law Journal

Tags: european art

  • Email

More News Feed Headlines

Thomas Cole, Home in the Woods (1847), oil on canvas, Reynolda House Museum of American Art, Gift of Barbara B.  Millhouse

'The Voyage of Life: Art, Allegory, and Community Response' Opens at Reynolda House Museum of American Art

  • ArtfixDaily / July 19th, 2021

The Voyage of Life: Art, Allegory, and Community Response opened July 16 to members, first responders, and Wake ...

Read More...
Anila Quayyum Agha, Intersections, mixed media on paper.  Image courtesy of the artist and Talley Dunn Gallery, © Anila Agha

ARTFIXdaily Closed to August 9; Ahead: Solo Exhibition Exploring Light and Loss in 2020 Debuts Immersive Works by Anila Quayyum Agha at the Amon Carter Museum of American Art

  • ArtfixDaily / July 19th, 2021

ARTFIXdaily will be closed and e-newsletter service suspended until August 9, 2021. Looking ahead, a dozen new ...

Read More...
Humboldt Forum.  Stiftung Humboldt Forum im Berliner Schloss, Photo: David von Becker

The Humboldt Forum Opens In Berlin

  • ArtfixDaily / July 19th, 2021

The Humboldt Forum, the largest cultural development in Europe and the most ambitious in Germany this century, will ...

Read More...
1909 Postcard of the then Oakland Public Library, Oakland, California, (now the African American Museum and Library at Oakland).

The National Trust for Historic Preservation Awards $3 Million in Grants to 40 Places Preserving Black History

  • ArtfixDaily / July 15th, 2021

The National Trust for Historic Preservation, through its African American Cultural Heritage Action Fund, has ...

Read More...

ARTFIXdaily Artwire