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guy wildenstein resigns wildenstein gallery president 1234768335

Guy Wildenstein has resigned as president of Wildenstein & Co., the prestigious art gallery founded by his family in 1875, after 35 years in the role. He is succeeded by his son David Wildenstein, who previously served as vice president overseeing investment and real estate, while his daughter Vanessa Wildenstein becomes vice president and director of the New York location. The announcement was made to the Art Newspaper, which first reported the news. Wildenstein, 80, was convicted of tax fraud in 2024 in a high-profile French case involving the concealment of masterworks to avoid inheritance taxes, receiving a four-year prison sentence with house arrest and a €1 million fine.

romania secures hold on stolen el greco painting 1234745953

Romania has secured a 'long-term hold' on El Greco's painting *Saint Sebastian* (1610–1614), which was pulled from a Christie’s New York Old Masters sale in February after the Romanian government claimed the work was unlawfully taken from its national collection. The painting, valued at $7–9 million, was consigned by Russian billionaire Dmitry Rybolovlev, who acquired it in 2010 from Swiss dealer Yves Bouvier. Romania has initiated litigation through Paris to recover the work, arguing it was illegally removed in 1947 by King Michael I as he fled the Communist takeover.