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Category Archives: Valuation

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Update – Sotheby’s Fetches $13M USD for Esmerian Collection of Folk Art

Posted in Art Finance, Art Valuation, Litigation Issues, Uncategorized, Valuation

Last month, Sotheby’s sold the art collection of former jeweler to the stars, art collector and former chairman of the Folk Art Museum in New York City, Ralph O. Esmerian.  Fetching $13M USD, the sale has been reported to be the highest for any American folk art collection.  As reported in a previous blog post, Esmerian… Continue Reading

Austrian Restitution Law Opens the Door to Return of Valuable Gustav Klimt Work

Posted in Art Recovery/Theft, Art Valuation, Litigation Issues, Valuation

In 2009 the restitution laws of Austria were amended to include works of art that were sold to the government at a discount due to an export ban on art.  In a recent case involving a valuable frieze inspired by Beethoven’s Ninth Symphony that was crafted by Gustav Klimt in 1902, a panel of art… Continue Reading

Retired Lawyer Sentenced to Seven Years in Prison for Massive Art Theft

Posted in Art Finance, Art Recovery/Theft, Art Valuation, Litigation Issues, Valuation

The Boston Globe reported today that a retired criminal defense lawyer, Robert M. Mardirosian, was sentenced to seven years in federal prison for “possessing six Impressionist paintings that he knew were stolen in 1978 from a house in the Berkshires in what is believed to be the largest private art theft in Massachusetts history.”  United… Continue Reading