Fakes, fakes everywhere? (ctd.)

January 31 2013

Image of Fakes, fakes everywhere? (ctd.)

Picture: Getty Research Institute

The recently closed Knoedler gallery in New York has been hit with a fresh lawsuit, this time over an allegedly fake Rothko. From Bloomberg:

New York’s defunct Knoedler Gallery was sued by a Liechtenstein-based family trust, which accused the gallery of selling a forged painting by the late artist Mark Rothko for $5.5 million.

The Martin Hilti Family Trust, named for the founder of construction tool firm Hilti AG, alleged in a complaint filed yesterday in Manhattan that the gallery deliberately withheld information about the painting that would have hurt the sale.

The gallery, on East 70th Street in Manhattan, has been sued by other collectors who alleged they were duped into purchasing fakes of works by noted artists, including paintings purportedly by Rothko, Jackson Pollock and William de Kooning. Knoedler unexpectedly closed in 2011 after 165 years.

The Hilti trust alleged in its complaint that it purchased what was represented as a 1956 Rothko work“Untitled” in November 2002. The gallery and its chairman Michael Hammer and director Ann Freedman falsely described the painting as coming from a previously undiscovered cache of masterworks owned by an unknown collector, described in the complaint as “Mr. X.”

For previous AHN on the Knoedler debacle, put 'Knoedler' into the search box top right.

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