Art Investment

At Art Basel Miami Beach confiscated four paintings

2 Dec Miami-Бич hosted VIP-открытие home in the United States contemporary art fair — Art Basel Miami Beach. Among the first visitors were... twelve police officers. They came to the exhibition center in the morning, a half hour before the official opening, which was supposed to attend "vipy", as the gambling Mogul Steve Wynn (Steve Wynn), investor-миллиардер Wilbur Ross (Wilbur Ross) and designer Calvin Klein (Calvin Klein). The guards came to confiscate several paintings, exhibited at the stand of the Zurich Galerie Gmurzynska. They seized paintings by Fernand Leger (Fernand Léger), Joan Miro (Joan Miró), Yves Klein (Yves Klein) and Edgar Degas (Edgar Degas). According to representatives of the organizers of the fair Sarah Fitzmaurice (Sara Fitzmaurice), in all 8-летнюю the history of Art Basel Miami Beach nothing like this has happened.

This summer, new-йоркский art-дилер Escher B. Edelman (Asher B. Edelman) and XL insurance company filed for Gmurzynska in court. Edelman said that gallery owners had ruined the painting of the artist-минималиста Robert Reimann (Robert Ryman) "I, the Courier" (1985), which they had to sell on his behalf at Art Basel Miami Beach in 2007. According to the lawsuit, the canvas, which was insured for 750 thousand dollars, returned to its owner "with a deep dent". The plaintiffs also sought to sue the Gmurzynska another 250 thousand for the fact that the Swiss dealers indifferent attitude to this issue and did not want to take any-либо measures in order to resolve the dispute. Ultimately, the court sentenced the gallery to pay 767 thousand dollars. But the amount of this Edelman never saw. According to Gmurzynska lawyer Peter R. stern (Peter R. Stern), the dealers ignored the court's decision "without malice". They just didn't know about the verdict. As suggested by The Art Newspaper, they believed that this issue is dealt with insurance company.

the Estimated cost of the withdrawn from the stand of the paintings exceeds $ 6 million, 10 times the amount of the court-appointed compensation. According to Edelman, this is a standard phenomenon in the case of things confiscated for sale at auction. The dealer himself came with the police on the stand, in order to help with the assessment work. It is unknown whether these pictures are the property of the gallery, — it may well be that Gmurzynska put them up for sale on behalf of other owners.

If the work will go under the hammer, part of the proceeds will go to the company's XL, part — to Edelman, part of — to lawyers, and Gmurzynska will receive the "residue". Among the works included the painting of Degas, which depicts a jockey on horseback. Picture comparable class usually bring at auction amount, about $ 7 million.

Before to go to the art-дилеры, Esher Edelman was an investor on wall-Стрит. Now he owns a gallery Edelman Arts. He has a booth at the fair Art Miami, which is one of "satellite" Art Basel Miami Beach. He took time at the fair, to buy a sculpture of the cartoon character Homer Simpson, the accomplished artist Agatha snow (Agathe Snow).

On the Gmurzynska stand, among other things, sells paintings and sculptures of Pablo Picasso (Pablo Picasso), Robert Indiana (Robert Indiana), and "the" Sylvester Stallone (Sylvester Stallone). The famous actor, whose works never before exhibited in gallery exhibitions, also attended the VIP-открытии. Two paintings by Stallone went for amounts in the area of 40-50 thousand dollars.

Fair opens December 3 and runs until 6 December. It involved 266 dealers from 33 countries.

Sources: bloomberg.com, theartnewspaper.com, artinvestment.ru


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