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