A Sandro Botticelli painting, estimated at $9.5 million, may alleviate a portion of the losses suffered by the victims of Lawrence Salander‘s art fraud, the largest in New York to date.

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Lawrence Salander Appears for Sentencing, via New York Post–>

Art dealer Lawrence Salander, 61, was sentenced to 6-18 years in prison on Tuesday for defrauding clients of more than $120 million. Salander, formerly of Salander-O’Reilly Galleries, was arrested last March on charges of more than 100 counts of grand larceny and other felony offenses.  He pleaded guilty to 29 of those counts earlier this year, admitting to having engineered an elaborate series of fraudulent investment schemes over the course of more than a decade.  His offenses include selling single works of art to multiple buyers, selling shares of artwork owned outright  by other investors, and leveraging works he had already sold to secure bank loans.

Prior to closing in 2007, Salander-O’Reilly Galleries had been known for their eclectic Old Master and Modern holdings.  Their high-profile clientele included tennis champion John McEnroe and actor Robert De Niro’s late father, Robert De Niro Sr. According to the New York Times, McEnroe had acquired a 50% share of two important Arshile Gorky paintings, titled “Pirate I” and “Pirate II,” in 1994. Salander subsequently sold these paintings in their entirety to another dealer, while simultaneously listing them as security to obtain a loan from Bank of America.  In an effort to constantly expand his business and maintain an ostentatious lifestyle, Salander continued to engage in increasingly audacious personal and professional transactions.

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Dash Snow and his daughter Secret via TinyVices

Following Dash Snow’s untimely death early last Tuesday morning, articles such as this one from The Guardian labeled Snow as an “art icon.”   The Independent cited the artist as “a mythical hero of an artistic underworld.”   There was a cynical editorial on Dash Snow from Canada [Toronto Star via Art Market Monitor]   And within 48 hours of Dash Snow’s death, New York Magazine speculated on the market for his work, and later that that his work might be pulled from an charity auction in Watermill next weekend. Terence Koh dedicated a performance in the UK [The Moment] and Brazilian street art duo OS Gemeos dedicated their Houston and Bowery mural to the artist [NYMag] There was an extensive image collection of the artist and his work from Tiny Vices. and finally a eulogy from the artist’s friend Glenn O’Brien [Purple-Diary]

A work by John Baldessari via the Tate

The Tate Modern will launch a major John Baldessari retrospective, his first in the UK, on October 13th [Tate]
Bob and Roberta Smith and Wolfgang Tillmans will be Tate trustees [FAD]

Zevs bombing the Armani store with his dripping Chanel Trademark via SlamXHype

Graffitti artist Zevs arrested in Hong Kong before a major gallery show [SlamXHype]
In related, 3 are arrested for conducting a counterfeit Banksy printing operation [The Art Collectors]

A mockup of London’s Playing the Building installation via David Byrne.com

David Byrne reprises his downtown New York Playing The Building sound in architecture installation at London’s Roundhouse August 8th through the 31st [Roundhouse.org]

The video for Madonna’s ‘Candyshop,’ featuring video by Marilyn Minter via YouTube

Marilyn Minter’s Green Pink Caviar is used as a video backdrop for Madonna’s song “Candyshop” [Artnet]

A rendering of Herzog de Meuron’s expansion to the Tate Modern via World Architecture News

Much publicized plans to expand the British Museum and the Tate could be tabled as funds come into question [TimesUK]
A look at some of the recent graduates and potential YBA’s at Goldmith’s degree show in London [GuardianUK]

Olafur Eliasson speaks about using space and light via Ted

An engaging video of Olafur Eliason speaking about perception [Ted]
The Wall Street Journal has an excerpt from the book Provenance, which documents one of the greatest cons in the history of art forgery [Wall Street Journal]

Lawrence Salander via Bloomberg

Lawrence B. Salander was arrested for the 2nd time for what the Manhattan District Attorney called the biggest art fraud in New York history [Bloomberg]
A video interview with American painter Ellsworth Kelly [The Art Newspaper]

Roman Abramovich and Dasha Zhukova via Fashion Week Daily

According to rumors, Moscow curator Dasha Zhukova and 2008 mega-collector Roman Abramovich have split [Fashion Week Daily]
Christie’s has an iPhone app, offering access to its calendar and catalogs, and soon a live-bidding component [Guardian]

Simon de Pury via Harpers Bazaar

Simon de Pury, chairman of the auction house Phillips de Pury revealed as Judge on the upcoming Bravo/Sara Jessica Parker art-world reality show [NY Times] and video of the around-the-block line in New York to apply to be on the show recently [NYArtBeat]

Tracey Emin’s ‘Everyone I Have Ever Slept With 1963-1996’ via The Independent

In an act that summons issues of appropriation of artistic works, the Chapman brothers, just before Tracey Emin’s White Cube show in London,  announce an unauthorized rebuild of Emin’s infamous tent which was destroyed by the same 2004 art storage warehouse fire that burned their work as well [The Independent]
Damien Hirst is looking for identical twins to sit in front of his spot paintings for 100 days in the Tate Modern [Boing Boing]
A Q&A with Michael Moses, co-creator of the Mei Moses Fine Art Index [Monocle]

Video from the opening of Museum Brandhorst in Munich via Vernissage TV

Video: The Museum Brandhorst, home of the Udo and Anette Brandhorst Collection, opens in Munich [Vernissage TV]
A couple volunteers to move their house into Miami MOCA for a Fritz Haeg work [Tuscaloosa News via Art in America]

Sanyu’s ‘Cat and Birds’ via Christie’s set a record at auction for Chinese oils

Hong Kong auctions small but strong [Bloomberg]
and in related, ART HK 09 successful despite market jitters and swine flu fears [Artforum]

Takeshi Murakami’s ‘The Emergence of God at the Reversal of Fate’ via SLAMXHYPE

A piece from Murakami that is 5 years in the making will be unveiled in Venice on the eve of the Biennale’s opening [Slamxhype]
Warhol authentication battle moves closer to trial [Art Newspaper]

Rendering of Jean Nouvel’s Louvre Abu Dhabi via LA Times

Construction begins on Jean Nouvel’s Louvre Abu Dhabi, expected to be completed in 2012 or 2013 [LA Times]

Edouard Manet’s ‘The Bohemian’ at Louvre Abu Dhabi via NY Times

In related, Carol Vogel gives a preview of what is to be exhibited the Louvre Abu Dhabi [NY Times] 
and in further related, some of the works in the collection were bought in this spring’s Yves St. Laurent auction at Christie’s [Financial Times]

Kehinde Wiley’s ‘Jerry Valdes, After Titian’s (Tiziano Vecellio)’ via WSJ

Kehinde Wiley releases his first book of photographs [WallSreetJournal]
Indicted old masters dealer Larry Salander takes a job at an upstate NY gallery, selling his own paintings for $100 [Bloomberg]

Richard Serra, out-of-the-round X (1999). Album cover for Sunn O))), Monoliths & Dimensions (2009) via Frieze

Richard Serra’s work used for cover of SunnO)))’s new album Monoliths & Dimensions [Frieze]
and in related, Serra receives an honorary degree from alma mater Yale [AP]
and in further related, Yale is involved in a lawsuit over Van Gogh’s ‘The Night Café,’ allegedly stolen by the Soviet government in the 1920s [Hartford Courant via Art Market Monitor]

James Turrell’s ‘Unseen Blue’ at the James Turrell Museum via WSJ

A look at the newly-opened James Turrell Museum in Colomé, Argentina [WSJ]
A look at outsized artworks at this year’s Art Basel, featuring Sigmar Polke, Nan Goldin, Banks Violette and others [Artdaily]
and related, Frieze Art Fair announces it program for this October [Frieze]

Kate Moss by Damien Hirst is the new cover of Tar Magazine (anagram for “art”) [NY Times]
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Art funds launched in 2008, such as the London-based Art Trading Fund, are shelved due to failure to raise required funds [ArtNewspaper]
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Art:21, Art in Twenty-First Century is now available for free on Hulu [Hulu]

Russian Artist Andrea Molodkin, previously cited by AO here, prepares for Venice Biennale [Financial Times]
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Jeff Koons is speaking at Strand Books tonight at 7:00-8:30 in New York [Via FAD]
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New York Old Masters dealer Lawrence Salander is indicted and pleads guilty in $88 million charge [Bloomberg]

A look inside Rome’s MAXXI designed by Zaha Hadid via c-monster

A preview of the MAXXI in Rome, $108 million art museum designed by Zaha Hadid [c-monster]
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Adam Lindemann, financier, collector and author of Collecting Contemporary launches a new book from Taschen: Collecting Design [ArtInfo]

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Flash Art’s current cover featuring a portrait of Barack Obama by Marlene Dumas via Art Fag City

Marlene Dumas’s portrait of Barack Obama is the cover of Flash Art [Art Fag City]
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Madonna’s art collection is estimated at £80 million pounds [TimesUK]

A selection from the site via The World’s Best Ever

A timeline of modern & contemporary art artists by movement, school, style, period, theme & art prize [The-artists.org via The World’s Best Ever]
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Richard Serra to receive honorary degree from Pratt Institute at its 120th Commencement on May 18th [MediaBistro]

Interview with photographer Nan Goldin on why she is auctioning some of the curiosities she has collected [TelegraphUK]
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SFMOMA announces plans for a future expansion, doubling gallery space [SF Chronicle]

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A preview of SANAA’s design for the 2009 Serpentine Pavillion via Architect’s Journal

SANAA, the Japanese architectual duo behind the New Museum, release first glimpse of design for the 2009 Serpentine Pavilion [Architect’s Journal]
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Jim Dine donates 40 drawings influenced by Greek and Roman sculpture to the Morgan Library [Artinfo]

Julian Schnabel’s Picasso Femme au Chapeau will soon be sold by Christie’s [New York Times]
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The Mugrabis, a high impact, market-making collector family, may be addicted to the game of art [The Observer]

Yesterday morning, Lawrence B. Salander, Upper East Side art dealer and owner of the now bankrupt Salander-O’Reilly Galleries was arrested at his estate on Millbrook, New York. Salander is accused of stealing $88 million from high-profile investors, art owners and Bank of America. The Grand Jury of the State Supreme Court in Manhattan charged him with grand larceny, falsifying business records, scheming to defraud, forgery and perjury. Salander pleaded not guilty and may face up to twenty five years in prison. The Justice ordered a $1 million bail.

RELATED LINKS
News Release [New York County District Attorney’s Office]
Times Topics:Lawrence B. Salander [New York Times]
Art Dealer is Charged with Stealing $88 Million [New York Times]
Tennis Great John McEnroe helps nab art dealer Lawrence Salander, who was indicted for fraud [New York Daily News]
Salander Charged with Stealing $88 million [Artforum]
Art-World Madoff Arraigned in Manhattan Court [Artinfo]

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