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brazilian authorities search bank ceo art assets

Brazilian authorities are targeting the art collection and luxury assets of Daniel Vorcaro, the CEO of the recently liquidated Banco Master SA, as part of a massive fraud investigation. Following the bank's collapse due to insolvency and regulatory violations, liquidators filed subpoenas in a Miami federal court to probe Vorcaro’s dealings with blue-chip galleries and auction houses. Officials believe the financier may have funneled bank funds into high-value artworks and real estate to shield his wealth.

London’s V&A launches webpage exploring provenance of its objects

The Victoria and Albert Museum (V&A) in London has launched a dedicated digital hub to document the provenance of its collection, specifically addressing objects acquired through violence, coercion, or looting. The initiative includes detailed research on controversial items such as the Maqdala material from Ethiopia, Asante Regalia from Ghana, and imperial Chinese jade. This transparency effort coincides with International Provenance Research Day and aims to provide public accountability regarding the museum's colonial-era acquisitions.

egyptian antiquities trafficker jfk airport prison sentence

Egyptian doctor Ashraf Omar Eldarir has been sentenced to six months in prison by U.S. District Judge Rachel P. Kovner for smuggling hundreds of ancient Egyptian artifacts into the United States. Eldarir was arrested in 2019 after importing over 600 artifacts without declaring them on customs forms, including a polychrome relief, Roman limestone pieces, gold amulets, and wooden tomb model figures dating to 1900 BCE. The largest seizure of smuggled antiquities at JFK Airport occurred in January 2020, when customs officers found 590 artifacts wrapped in bubble wrap and foam, with loose sand and dirt indicating recent excavation. Eldarir pleaded guilty to four counts of smuggling and used fake provenances—including forged documents and photoshopped photographs—to sell artifacts at U.S. auction houses.