More information about the quantity of purportedly fake paintings sold by Knoedler has surfaced. The recent filings outline that Knoedler earned approximately $60 million in revenue from artwork it took on consignment from Glafira Rosales, clearing about $40 million in profit. Many of the works lacked full provenance records and were offered at below-market prices to the gallery. (more…)

Julian Weissman, who settled a lawsuit for selling a fake Motherwell last year is once again being sued for a sale of another allegedly fake painting by the same artist from the same consignor – Glafira Rosales. Weissman sold the piece in 2004 to Sheikha Paula Al-Sabah of Kuwait, who claims that Weissman told her the previous owner was an anonymous Swiss-Jewish collector. The sheikha paid $350,000 for the painting and is seeking $3 million in compensatory damages and have not specified the amount in punitive damages. (more…)