filter_list Showing 14 results for "RISK" close Clear
search
dashboard All 500 article news 115museum exhibitions 102trending_up market 98article policy 68article culture 30person people 26article local 25gavel restitution 14rate_review review 13candle obituary 9
date_range Range Today This Week This Month All
Subscribe

battle over 1800 paintings attributed to russian modernist masters intensifies after litigation funder raises authenticity concerns

A legal battle over a collection of 1,800 paintings attributed to Russian modernist masters has escalated after the litigation funder backing the claimants, LitFin, raised concerns it may have been misled about the works' authenticity. The funder is now in a dispute with the claimants, the family of the late Palestinian collector Uthman Khatib, over halted payments and control of the lawsuits, which seek the return of the paintings or $323 million from Israeli-Russian businessman Mozes Frisch, who is accused of stealing them.

Auctioneer Surprisingly Released from Jail

auctioneer surprisingly released from jail

Herbert Schauer, the director of the Munich-based auction house Zisska & Schauer, has been released from custody in Naples following a judicial review. Schauer had recently been sentenced to five years in prison for his alleged role in a conspiracy to sell stolen antique books, including a rare first edition by Galileo Galilei, which were embezzled from the Biblioteca dei Girolamini in Italy.

32 million klimt sale falls through

The record-setting $32 million sale of Gustav Klimt's "Portrait of Fräulein Lieser" (1917) has fallen through after a restitution settlement failed to resolve gaps in its provenance. The painting, discovered in early 2024 and sold at Im Kinsky auction house in Vienna to an anonymous Hong Kong buyer in April, was mired in controversy over its history during the Nazi era. The work's whereabouts between 1925 and 1961 were unknown, a period including Austria's annexation by Nazi Germany. The auction house proposed the work was commissioned by Henriette Lieser, who was deported and murdered at Auschwitz, but conflicting theories about the sitter's identity and the painting's path through a Nazi party member's family complicated restitution efforts. A new potential legal heir emerged after the sale, and the buyer ultimately pulled out.

Affaire Indiana : un éditeur d’art condamné à 102 millions de dollars

A federal jury in Manhattan has ordered Michael McKenzie and his company American Image Art to pay $102 million (€95 million) to the Morgan Art Foundation for unauthorized exploitation of works by artist Robert Indiana (1928-2018), including his iconic LOVE image. The case, filed in May 2018 just before Indiana's death, alleged that McKenzie—a former agent of the artist—produced and sold unauthorized editions, sculptures, and merchandise under Indiana's name, violating exclusive reproduction and commercialization rights granted to the foundation in the 1990s. The jury found McKenzie guilty of trademark infringement, copyright violation, and contractual interference, with $6.2 million specifically tied to 44 LOVE works. The defense, weakened by sanctions for hiding evidence and refusing to cooperate, plans to appeal.

is spains sistine chapel of romanesque art at risk

The Spanish Supreme Court has ordered the return of the Sijena Murals, 12th-century Romanesque frescoes known as the "Sistine Chapel of Romanesque Art," from the National Art Museum of Catalonia (MNAC) in Barcelona to their original monastery in Huesca, Aragon, by June 25. However, the MNAC is resisting the move, arguing that transporting the fragile, fire-damaged murals poses a "real risk of irreparable damage." The museum has requested more information about the destination and conditions at the Sijena monastery, and has suggested a longer timeline for the return of particularly delicate sections, while the Sijena City Council has proposed installing the works elsewhere if necessary.

Open Letter on the Imminent Departure of the Gelman Collection from Mexico

An open letter signed by hundreds of Mexican artists and cultural figures warns that the core of the renowned Gelman Collection, including eleven Frida Kahlo paintings declared national monuments, is at risk of permanent export from Mexico. The letter alleges that Banco Santander's new Faro Santander museum, through an agreement with collector Marcelo Zambrano, is misinterpreting Mexico's strict heritage laws to justify a "dynamic" but effectively permanent display abroad, which would violate the legal prohibition on the permanent export of Kahlo's work.

matthiesen gallery lawsuit jill newhouse jon landau courbet

The Matthiesen Gallery in London has filed a lawsuit in the Southern District of New York alleging fraud, breach of contract, and other counts over a Gustave Courbet painting, *Mother and Child on a Hammock*. The gallery claims that Thomas Austin Doyle, a convicted con man, orchestrated a scheme to defraud director Patrick Matthiesen, selling the painting—valued at $650,000—through artist and dealer Shalva Sarukhanishvili to Jill Newhouse Gallery for $115,000, which then sold it to top collector Jon Landau for $125,000. The lawsuit also names Landau, who allegedly viewed the work multiple times at TEFAF fairs knowing its retail price, yet refuses to return it. Doyle has a long criminal history, including prior convictions for art fraud and theft.

Catalan Museum Has Yet to Follow Through on Court Order to Return Contested Murals to Aragon Monastery

The National Art Museum of Catalonia (MNAC) in Barcelona has failed to comply with a May 2025 Spanish Supreme Court ruling ordering the return of 13th-century Romanesque murals to the Sijena Monastery in Aragon. Despite the legal mandate ending a decade-long dispute, the museum continues to house the works, citing significant technical and conservation risks associated with transporting the delicate canvases.

stolen snuff boxes recovered cognacq jay museum paris

Five of seven valuable 18th-century snuffboxes stolen from Paris’s Cognacq-Jay Museum in November 2024 have been recovered. Paris Musées announced the return, crediting a police investigation with assistance from the Paris Criminal Investigation Department. The boxes were taken by masked thieves during a daylight robbery from the exhibition “Pocket Luxury.” Two of the recovered boxes were on loan from the Louvre, two from the British royal family’s Royal Collection Trust, and one from the Victoria and Albert Museum. Two more boxes, one from the V&A and one from the Royal Collection, remain missing. The stolen items, decorated with gold, precious stones, mother-of-pearl, or enamel, are estimated to be worth at least €1 million ($1.16 million).

Snuffboxes stolen in Paris daylight robbery to go on display at V&A

Five 18th-century gold snuffboxes recovered after a violent daylight robbery in Paris are set to go on public display at the Victoria and Albert Museum. The objects were stolen in November 2024 from the Musée Cognacq-Jay during a high-profile heist that targeted pieces from the Rosalinde & Arthur Gilbert Collection, the Louvre, and the UK Royal Collection. Following an extensive police investigation and delicate restoration work by Parisian goldsmiths to repair damage sustained during the theft, the items will headline the opening of the V&A’s newly revamped Gilbert Galleries.

Barcelona museum refuses to return Sijena murals to monastery

The Museu Nacional d’Art de Catalunya (MNAC) in Barcelona is refusing to comply with a Spanish Supreme Court order to return the 12th-century Sijena murals to their original monastery in Aragón. Tensions escalated after the museum hosted a listening party for pop star Rosalía in the same hall where the Romanesque masterpieces are housed, leading to accusations from the municipality of Villanueva de Sijena that the museum is endangering the fragile works. MNAC director Pepe Serra has dismissed these concerns as scientifically unfounded, sparking threats of a defamation lawsuit from local officials.

chinese vase sale cancelled french court

A French court ordered Galerie Kraemer in Paris to return €2.8 million ($3.25 million) to collector Sheikh Hamad bin Abdullah Al Thani over a Chinese vase, citing serious doubts about the 18th-century dating of its gilded bronze mounts. The vase, which sold for €815 in Brazil 20 years ago, passed through a Paris flea market and three antique dealers before Laurent Kraemer purchased it for €180,000. Sheikh Hamad bought the vase in 2012 but later had it examined after Galerie Kraemer faced multiple fake furniture cases. Expert Sébastien Evain deemed the dating highly improbable, while gallery-commissioned experts Gilles Perrault and Guy Kalfon, who only saw photographs, defended the 18th-century attribution. The court annulled the sale, and the gallery plans to appeal.

giorgos tsagarakis dealer arrested stolen antiquities

Greek authorities have arrested Athens-based art dealer and television personality Giorgos Tsagarakis following an investigation into a suspected criminal network involved in the theft, forgery, and illegal trade of antiquities. The arrest, executed by the Organized Crime Division, led to the seizure of hundreds of paintings, ancient ceramics, Byzantine artifacts, and a rare 1745 gold-plated Gospel manuscript. Investigators were reportedly alerted to the illicit items after Tsagarakis posted a video of the artifacts on social media.

protest sparks over sijena murals

A small protest of fewer than 50 demonstrators, organized by the Catalan National Assembly and joined by former Catalan president Laura Borràs and ANC president Lluís Llach, gathered outside the National Art Museum of Catalonia (MNAC) on Monday morning as Aragonese technicians arrived to inspect a set of contested 13th-century Romanesque murals. The murals, originally from the Sijena Monastery, were ordered returned by Spain’s Supreme Court after more than a decade of litigation, concluding that the original religious order never lawfully transferred ownership after the works were removed in 1936 following a fire during the Spanish Civil War. The inspection team, led by restorer Natalia Martínez de Pisón, began with less fragile sections using photogrammetry to assess transport viability, while MNAC officials warn that moving the more delicate frescoes could cause irreversible damage and plan to formally contest the execution order on conservation grounds.