Knoedler forgery update: Seventh lawsuit settles

The Swiss art historian facing fraud charges after he acted as an agent in the sale of a fake Mark Rothko painting by the now defunct Knoedler Gallery in New York has settled with the buyer out of court.

Casino magnate Frank Fertitta who purchased the work from the once-prestigious Knoedler art dealership in 2008 accused Oliver Wick, a Rothko expert, of misleading him about the forgery. The terms of the settlement filed in Manhattan federal court on 11 April remain unknown. Continue reading

Dealer in Knoedler forgery scandal escapes jail time

The Long Island art dealer who sold fake Abstract Expressionist art to New York’s Knoedler Gallery has been handed a get-out-of-jail-free card by a Manhattan judge.

Glafira Rosales was indicted by the US Government in May 2013 on charges of conspiracy, tax fraud and wire fraud from the sale of up to US$60 million (£42 million) worth of fake art to the former Knoedler Gallery. On Tuesday (31 January), District Judge Katherine Polk Failla sentenced Rosales to nine months of home detention as part of a three year supervised release for her involvement in the scheme.  Continue reading

$8.3m Rothko forgery brings misery to Manhattan

The Chairman of Sotheby’s Board of Directors, Domenico de Sole, has told a Manhattan courtroom that his wife Eleanore is so devastated by being sold a worthless forgery of a Mark Rothko work that she cries every night.

Mr De Sole was speaking under cross-examination by a lawyer for the Knoedler Gallery after he took the stand in federal court last Wednesday (27 January) during the first week of a forgery trial.   Continue reading