Art Investment

Like a phoenix from the ashes ...

under investigation in New York art dealer Lawrence Selender (Lawrence Salander) is trying, like the phoenix, reborn from the ashes after it struck the accusations of a hundred items, including fraud and embezzlement in especially large size . He was arrested on March 26, but pleaded not guilty and was subsequently released on bail of one million dollars.

Now you can find it in Milbruke, a two-hour drive from New York, behind the gallery with the tag name of Phoenix Art LLC, surrounded by colorful paintings, landscape photographs and sculptures. Give interviews to journalists, he refused, but explained that the works in the gallery along with his father Donald Doudenom (Donald Dowden). Owner Phoenix Art LLC, which opened just a few weeks ago, he did not name, and only said that it is one of his «friends».

art dealers operating in the neighborhood, told that the exhibition area is owned by Philip Maktaggarta (Philip Mactaggart). He confirmed that indeed a co-owner of the building, but not the gallery, and declined further comment.

A New 60-year-old Lawrence Selendera much less his New York gallery Salander-O'Reilly Galleries, the bankrupt 19 months ago. There he sold paintings by old masters and works by modern managers of hedge funds and wealthy collectors. As we found out during the investigation, over 13 years of work the gallery from 1994 to 2007, Selender machinations enriched by no less than 88 million dollars.

representative Manhattan District Attorney Alicia Maxi Green (Alicia Maxey Greene) did not comment on the new job Selendera and only stated that his case was under consideration.

Material prepared Onuchin Catherine, AI

Source: bloomberg.com , artinvestment.ru


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