A sculpture of an inflatable dolphin by Jeff Koons sold for $5 million. A 1971 Sigmar Polke painting depicting purple monkeys, an alligator and a penis was snapped up for $4.5 million. An abstract painting by Joan Mitchell fetched $1.5 million.
An art forger and his three accomplices, who made at least 10 million euros ($14 million) by selling oil paintings they falsely attributed to famous artists, were today sentenced to a total of 15 years in prison by a court in Cologne.
A Cologne court made a “scandalous” decision by allowing dozens of counterfeit artworks to remain undetected and in circulation during the trial of four art forgers, the BVDG association of German galleries said.
The Helly Nahmad Gallery in Manhattan reopened a week after it was raided by U.S. agents, and will continue to operate as the owner faces charges he ran a high-stakes gambling ring that catered to celebrities and the very wealthy, his lawyer said.
Hillel “Helly” Nahmad, who had apartments at Manhattan’s Trump Tower, a model for a girlfriend and an art gallery that featured modern masters such as Pablo Picasso, was sentenced to a year and a day in prison for his role in a high-stakes gambling ring.