Pages

Monday, October 24, 2016

Swiss billionaire fined $4 mn over undeclared artwork: reports

In one case detailed in Sunday's articles, he purchased a Giovanno Segantini painting, "Le due madri", for 1.4 million Swiss francs at a Christie's auction in Geneva in 2011, and quickly flew it to Britain, thus avoiding Swiss taxation.

GENEVA (AFP).- Swiss customs authorities have slapped a billionaire with a $4 million fine for failing to properly declare some 200 artworks imported into Switzerland, according to media reports confirmed by officials Sunday. Financier Urs Schwarzenbach has for years been bringing precious artworks by the likes of Yves Klein and Giovanno Segantini into Switzerland without declaring them to customs officials, or reporting their worth at far below their actual value, several Swiss media outlets reported. Suspecting the billionaire of importing artwork illegally, Swiss customs authorities opened an investigation in 2012. The probe concluded earlier this month that he had effectively dodged duties worth 10 million Swiss francs ($10 million, 9.2 million euros), which he was ordered to repay, along with a four million franc fine, the NZZ am Sonntag, Sonntagszeitung and Le Matin Dimanche weeklies reported. Swiss finance ministry spokesman Daniel Saameli confirmed the content of the reports to AFP.

According to the papers, Schwarzenbach has agreed to pay back the 10 million francs, but is contesting the fine. The 68-year-old's lawyers in London told the papers he denied any intentional wrongdoing, and wanted to present his side of the story to the district court in Zurich to clear his name. Schwarzenbach, who is based in Britain and is reportedly a good friend of Prince Charles, had brought at least 123 works of art into Switzerland without declaring them, with some ending up on the walls of his luxury Zurich Dolder Grand hotel, the papers said.

Fake receipts: In one case detailed in Sunday's articles, he purchased a Giovanno Segantini painting, "Le due madri", for 1.4 million Swiss francs at a Christie's auction in Geneva in 2011, and quickly flew it to Britain, thus avoiding Swiss taxation. But the painting reportedly reemerged in his luxurious Villa Meridiana in St. Moritz in the Swiss Alps, without him ever paying duties on it. Other artworks reportedly brought in under the radar include a painting by Russian geometric abstract artist Kazimir Malevich, valued at 16 million francs, and Yves Klein's MG41 (L'age d'or), the papers said. When he did declare artwork, Schwarzenbach, whose fortune was valued last year by Swiss financial magazine Bilanz at 1.25 billion Swiss francs, sometimes reportedly presented fake receipts for amounts far lower than what he had actually paid.

On June 16, 2012 he is alleged to have presented Gottardo Segantini's "Paysage alpin" to Swiss customs officials along with a receipt for just 10,000 francs. That is less than a tenth of the 105,000 euros he actually paid for the piece, the papers reported. In all, the case concerns more than 200 works of art, with a combined value of at least 130 million francs, they said.

© 1994-2016 Agence France-Presse http://artdaily.com/news/91062/Swiss-billionaire-fined--4-mn-over-undeclared-artwork--reports#.WA4dTy0rKUk

Tuesday, October 11, 2016

Two busts whose faces were hammered away by Isis members at Palmyra's Museum

A picture shows a part of two busts whose faces were hammered away by Isis members at Palmyra's Museum in Syria, as part of an exhibition called "Rising from Destruction Ebla, Nimrod, Palmyra" presented at the ancient Colosseum, on October 6, 2016 in Rome. ANDREAS SOLARO / AFP

http://artdaily.com/?date=10/10/2016&bfd=0

Dutch city of Hoorn celebrates as five stolen masterpieces return home

Musicians in period costumes perform as two employees carry a big box with paintings during a ceremony in which five paintings, stolen from the Westfries museum in Friesland, northwest of the Netherlands, return from Ukraine in Hoorn on October 7, 2016. Olaf KRAAK / ANP / AFP.
by Jan Hennop


HOORN (AFP).- The Dutch city of Hoorn erupted with joy Friday as it welcomed back five masterpieces recovered from a "criminal group" in Ukraine after being snatched from the town's museum in 2005. "After 4,320 days... yes we counted the days... they are back!" an emotional museum director Ad Geerdink told hundreds of citizens who gathered at the Westfries Museum as the 17th and 18th-century paintings were unloaded from a truck. "Our heritage has returned to the museum where they belong, back in the city where they belong," Geerdink said as the crowd cheered and clapped. The five paintings were among 24 Dutch Golden Age masterpieces and 70 pieces of silverware stolen from the museum in the northwest city on January 9, 2005. At the time of their disappearance, the 24 paintings were valued at a total of around 10 million euros ($11 million).

One of the recovered works, Isaak Ouwater's 1784 piece entitled "Nieuwstraat in Hoorn", valued at around 30,000 euros, was handed back by an unsuspecting Ukrainian art buyer in May. But details over how the painting came into his possession remain vague. The four other retrieved paintings, which were also found in Ukraine, are: "A Peasant Wedding" by Hendrick Boogaert, "Kitchen Scene" by Floris van Schooten, "Return of Jephta" and "Lady World" by Jacob Waben.

'Terrible condition' The museum has now launched a crowdfunding campaign to restore the five works, as spokeswoman Christa van Hees said they "have suffered a lot" in the past decade and "are in a terrible condition." Two of the paintings had been put back in frames, with lines clearly visible where they have been folded, an AFP reporter saw. The other canvases were still rolled up, but showed signs of cracks and paint was flaking off. "I can't say how long it will take, but the aim is to have all of the paintings hanging in the museum within half a year," Ronald de Jager, who is tasked with the restoration, told AFP.

After the theft there was an intensive police investigation, but it was not until mid-2015 that the museum heard five paintings might be in Ukraine. Two men claiming to represent a pro-Kiev group said they had found them in a villa in war-torn eastern Ukraine, where Kiev's forces were battling pro-Russian separatists. Art historian Arthur Brand, who played a major role in the paintings' return, said the men initially priced the works at 50 million euros and then wanted five million euros for them. "We were only prepared to give then 50,000 euros, which is a finders' fee," Brand told AFP. So the negotiations collapsed.

Details remain unclear about the next moves, but after intense behind-the-scenes work involving Brand and the Hoorn municipality, Ukraine announced in April it had recovered four of the paintings. It did not specify how the works were retrieved, saying only they had been "in the possession of criminal groups". "What's more important is that we at least have some of them back," the museum's ticket sales manager, Karin van Hoorn, told AFP. "When I saw them for the first time, a short while ago I was so overwhelmed I almost started crying." The search continues for the works still missing. "We are doing everything possible to get the other 19 paintings and our silverware back too," said Hoorn city council member Judith de Jong.

© 1994-2016 Agence France-Presse http://artdaily.com/news/90668/Dutch-city-of-Hoorn-celebrates-as-five-stolen-masterpieces-return-home#.V_1qMsmk374