Art dealer Perry Rubenstein facing grand theft charges

Monday, April 25, 2016
Art dealer Perry Rubenstein facing grand theft charges

The charges against Rubenstein involve several cases in which prosecutors claim he misinformed clients over the selling price of artworks, or claimed no knowledge on the whereabouts of the amounts paid.

Art dealer Perry Rubenstein facing grand theft charges

Perry Rubenstein’s career began as an art dealer in New York, where he operated privately before opening a gallery in Chelsea. He then moved his business to California in 2011, where he converted an old warehouse space into a new art space, inciting much interest from both the art world and the world of celebrities.

The charges against Rubenstein involve several cases in which prosecutors claim he misinformed clients over the selling price of artworks, or claimed no knowledge on the whereabouts of the amounts paid.

One case in particular involves the selling of two pieces of work by Richard Prince, together worth over $1 million. At the time, the two pieces belonged to art collector Michael Ovitz, who agreed to sell one of the pieces to a buyer in Mexico for $500,000. When, five months later, Ovitz had not yet received the payment, he asked Rubenstein to cancel the sale, only for Rubenstein to claim that this was no longer possible. According to a detective investigating the case, the Prince piece in question later sold in France.

The prosecution claims that Rubenstein kept the money from the sales of both Prince pieces, a claim that is aided by the poor financial situation of Rubenstein, who claimed bankruptcy in 2014.

According to the LA Times, Rubenstein’s attorney stated the following: “We deny all these allegations and look forward to clearing his name and getting his reputation back.”

 

Source
Image: Irfan Khan for the Los Angeles Times

Telegram Channel

ArtDependence is now also available on the messaging platform Telegram. Telegram is a cloud-based mobile and desktop messaging app with a focus on security and speed.

Subscribing to the ArtDependence Channel allows you to easily stay up to date with the latest ArtDependence news.

Subscribe to the Newsletter

Image of the Day

Pablo Picasso (1881-1973), Femme au béret orange et au col de fourrure (Marie‐Thérèse), executed 4 December 1937. Oil on canvas. 24⅛ x 18⅛ in (61.2 x 46.1 cm)

Pablo Picasso (1881-1973), Femme au béret orange et au col de fourrure (Marie‐Thérèse), executed 4 December 1937. Oil on canvas. 24⅛ x 18⅛ in (61.2 x 46.1 cm)

Search

About ArtDependence

ArtDependence Magazine is an international magazine covering all spheres of contemporary art, as well as modern and classical art.

ArtDependence features the latest art news, highlighting interviews with today’s most influential artists, galleries, curators, collectors, fair directors and individuals at the axis of the arts.

The magazine also covers series of articles and reviews on critical art events, new publications and other foremost happenings in the art world.

If you would like to submit events or editorial content to ArtDependence Magazine, please feel free to reach the magazine via the contact page.