There has been much discussion about the impact of the Presidential election on the art market, amidst much generalized anxiety about "fake news." What about "fake art?" Never one to be behind the curve, artist Richard Prince has stepped into the spotlight (to the extent he left). Declaring that one of his controversial “New Portraits” works of Instagram posts of others that was sold to Ivanka Trump is “fake” and that he “denounce[s]” it, Prince raises interesting questions about what the legal ramifications of such a repudiation might be. In this instance he has apparently refunded Ms. Trump’s money, but following on last year’s surprising Peter Doig trial (surprising that it got to trial, not that Mr. Doig won), a hypothetical artist making such a declaration might have some vulnerability under both common law, if not under the Visual Artists Rights Act of 1990, 17 U.S.C. § 106A (VARA).
The Bavarian prosecutor held a press conference today to discuss the revelation this weekend in Focus that nearly 1,400 paintings had been found in the Munich apartment of Cornelius Gurlitt two years ago, after he aroused suspicion by bringing a large amount of cash back into Germany from Switzerland in 2010. This continues to shape up as the biggest restitution story in decades, perhaps ever. Among the key updates provided today by Sigfried Köble and Reinhard Nemetz, the customs official and prosecutor in charge, respectively:
Topics: Frankfurter Allgemeine Zeitung, unbekannte Meisterwerke, Focus, Hildebrand Gurlitt, Alfred Flechtheim, the Lion Tamer, Cornelius Gurlitt, Reinhard Nemetz, Anne Weber, Gurlitt Collection, Max Beckmann, Bloomberg, Otto Dix, Commission for Looted Art in Europe, Art Market Monitor, Auktionshaus Lempertz, Entartete Kunst, Meike Hoffmann, Marc Chagall, Entdeckung verschollener Kunst, beschlagnahmte Bilder, Kunsthistorikerin, Sigfried Köble, Restitution, Der Spiegel, World War II, Süddeutsche Zeitung, Erben, Raubkunst-Bildern, Löwenbändiger, München, Nazi Raubkunst