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…)

A new complaint in the lawsuit against Knoedler Gallery is being brought by Domenico De Sole, chairman of Tom Ford International, and his wife, Eleanore. The defendants are Michael Hammer (chairman of the former Knoedler Gallery), Ann Freedman (a former director), and Glafira Rosales and partners (Rosales was a dealer in Sands Point, Long Island who consigned artworks to Knoedler). The plaintiffs are one of 3 parties who claim that the gallery sold fakes. The combined total of the damages being sought by the 3 groups of plaintiffs in the suit is more than $70 million. (more…)