Sotheby’s has reportedly received a $4.2 million (£3.2m) settlement payment from London-based art dealer, Mark Weiss, against whom Sotheby’s issued Court proceedings in February 2017, after discovering that the Old Master painting it had sold on his behalf was a forgery. Continue reading
London’s National Gallery confirmed on Thursday (16 February) that it lost the bid to acquire Pontormo’s ‘Portrait of a Young Man in a Red Cap’ (1530).
One of only 15 surviving portraits by the Italian Old Master, real name Jacopo Carrucci, it was sold to US hedge fund owner, Tom Hill, by the Earl of Caledon in 2015. In December 2015, it was temporarily barred from export by the former Minister for Culture Ed Vaizey who was concerned to help save the painting for the British nation. With the export bar in place, the National Gallery set to work raising the £30,618,987 necessary to match the sale price. Continue reading
Sotheby’s has filed a lawsuit in New York against the vendor of a 16th century Old Master painting after it was confirmed to be a fake.
In October last year, the auction house announced it would be conducting an investigation into the painting of ‘Saint Jerome’. Attributed to the ‘Circle of Parmigianino’, it was sold by Sotheby’s New York in January 2012 for US$800,000 (£509,650). Doubts over the work’s authenticity emerged after it was linked to an Old Master forgery scandal, which broke last year. Continue reading
In an update on the forgery scandal that has shocked the art world, Sotheby’s New York announced that it is investigating a painting attributed to 16th century Old Master Parmigianino as a potential fake.
The painting of Saint Jerome fetched over US$800,000 (£653,777) at auction at Sotheby’s New York in January 2008 when it was attributed to the ‘circle of Parmigianino’. When a private collector lent it to the Metropolitan Museum of Art for exhibition in 2014, curators from the European painting department discussed the attribution with leading Parmigianino experts but could not agree on whether it was painted by the artist himself or those close to him. Continue reading
