Repatriated Brazilian Collection to Go on Sale at Sotheby’s Next Month

October 30th, 2017

Edemar Cid Ferreira’s home, via WSJThe Wall Street Journal follows a major offering of works from the collection of Brazilian banker and convicted money-launderer Edemar Cid Ferreira (including Jean Michel-Basquiat’s work Hannibal), which were returned to the Brazilian government after uncovering a massive laudering scheme including the works. Joon Kim, the Acting U.S. Attorney in the case, described Ferreira’s buying as “used to mask an audacious criminal scheme.”  The works are set to go on sale at Sotheby’s next month.

Read more at WSJ