Art Investment

Arrested a suspect in the sale of stolen works by Andy Warhol

In New York City for the illegal possession and sale of works of art, including works by Andy Warhol and Francis Picabia, arrested the driver, James Beer from the town of Ossining, New York

has learned the FBI agents in New York and Vermont and the police Westchester County, to undertake joint investigations, in July 2008, James Beer sold that same box for 220 thousand dollars to another collector, stating that it received a gift from his uncle. The transaction was carried out through two art dealers: in Milltaune (New Jersey) and Yardley (Pennsylvania). One of them, who lives in Yardley, told investigators he had even received from the Beer-mail confirming the legal origin of the subject and was able to certify him to the Council to establish the authenticity of works of Andy Warhol (Andy Warhol Art Authentication Board).

According to the prosecutor for the Southern District of New York, James Beer is suspected of fraud using telephone and mail. In Westchester County police as he should be charged with possession of stolen property in the case of another work - the figure of the French artist Francis Picabia, who also belonged to his former employer. According to a police spokesman Kieran O'Leary (Kieran O'Leary), the detainee had been found for many other items from the collections of the New York collector, so the above charges, will most likely not the last.

Material prepared Ekaterina Guseva, AI

Sources: bloomberg.com , australia.to , lohud.com , artinvestment.ru


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