US$137 million worth of art thought to have been purchased with misappropriated funds

A Malaysian financier purchased multimillionaire dollar art works including two paintings by Claude Monet using funds stolen from a government investment fund, artnet news reports.

According to documents released by the US Department of Justice, hundreds of millions of dollars were transferred from Jho Low’s 1Malaysia Development Bhd (1MDB) fund to a personal account named “Tanore”. Continue reading

French owner loses case in Monet attribution claim

2015 ended on a bitter note for the owner of a riverscape purportedly by French Impressionist Claude Monet when the Paris Court of Appeal refused his request to force the inclusion of the work in the artist’s catalogue raisonné.

The court reached its verdict in December after a tenaciously contested attribution battle which enlisted the help of experts including Joachim Pissarro, great grandson of Camille Pissarro, and researchers from the BBC’s Fake or Fortune programme.  Continue reading