Knoedler trial ends! (ctd.)
February 12 2016
Picture: Illustrated Courtroom
Well, it really is all over now. Having settled with the Knoedler director Anne Freedman, the De Soles (who had bought a fake $8m Rothko) have now settled with the Knoedler gallery itself. So we won't now hear testimony from the main players in the events. Knoedler keeps its secrets. But at least there was no nightmare outcome of the jury deciding in favour of Knoedler/Freedman, which (however unlikely) would have established an alarming legal precedent that it was up to the buyer to do their due diligence on things like attribution and provenance.
The Art Newspaper speculates here as to why the De Soles might have settled.
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