Daniel Wildenstein Estate Case Set for Trial

December 22nd, 2015

Daniel Wildenstein, left, and his son Alec, via NYTA trial against the executors of the Daniel Wildenstein estate in Paris this month is set to cast light on the often murky ownership and backdoor dealing that goes on in the highest echelons of the art market, the New York Times reports.  French authorities allege that over $250 million in art was shipped from the late dealer’s holdings days before his death, in an attempt to avoid a sizable estate tax.  “It is really the first time that a trial like this in France is exploring the use of trusts and determining whether they are legal or illegal,” said Claude Dumont-Beghi, a lawyer who represented Daniel Wildenstein’s widow, Sylvia. “How did the family build its fortune and empire under this system?”

Read more at NYT