WORLD
NEWS
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ARTIST:
Cezanne. PAINTING: Auvers sur Oise.
STOLEN: Ashmolean Museum, Oxford, millennium
night. VALUE: £30 million. The painting was stolen in a high-tech
burglary worthy of a film plot. Thieves used the cover of millennium
celebration to target this French Impressionist treasure.
ARTIST: Vermeer. PAINTING: The Concert. STOLEN: Isabella Stewart
Gardner Museum, Boston, US, 18 March, 1990. VALUE: Around £50 million.
One of 12 works, including a Goya and a Monet, taken in the biggest art
heist of the century when two thieves, posing as police officers, gained
access to the museum at the height of the city’s famous St Patrick’s Day
celebrations.
AUCTIONEERS, PRICE FIXERS AND ART MIXERS, CROOKS AND GREEDY
WITH CLASS FOR THE HIGH CLASS END UP IN JAIL!!
The former chairman of Sotheby's has been convicted of conspiring with rival auction house Christie's to fix the commissions paid by sellers of fine art. Alfred Taubman, 76, of Michigan, faces up to three years in prison for conspiring to fix prices. He will be sentenced on April 2 next year. The jury deliberated over two days before reaching the verdict at a US District Court in New York. Taubman had denied charges that he and former Christie's chairman Sir Anthony Tennant, 71, of Andover, Hampshire, stole as much as 400 million dollars in commissions from 1993 to 1999.Between them, the businesses control more than 90% of the world's art auctions. The prosecution's case centred on testimony by Diana "DeDe" Brooks, the former chief executive of Sotheby's, who pleaded guilty in October 2000 to price-fixing charges.
She
agreed to testify against Taubman in hopes of avoiding a three-year prison
sentence. In his closing arguments, defense lawyer Robert Fiske attacked
Brooks' credibility, calling her "a walking reasonable doubt". Sir Anthony
has said he will not come to the United States to face charges, and the case
is not covered by extradition treaties. Sotheby's pleaded guilty to
conspiracy and were sentenced to pay 45 million dollars. Christie's was
granted amnesty by the government for its co-operation.
Sotheby's disgraced former
chairman has handed himself into jail a day early to avoid press attention.
Alfred Taubman, 78, was sentenced to a year and a day by a New York judge
last December for his part in a £290 million price-fixing scam. He was
ordered to report to a Minnesota prison yesterday, but turned up on
Wednesday in an apparent attempt to prevent a media circus. Taubman was also
fined £4.7 million for his part in the scheme, in which sellers of art and
antiques were charged inflated commissions for nearly a decade. The scam
allegedly involved the former head of Christie's, Sir Anthony Tennant.
Taubman is being held in the Federal Medical Centre, a secure facility that
houses about 800 men. It includes a medical unit, a unit for low security
inmates and a mental health unit. A prison spokesman said Taubman does not
have any outstanding medical problems, but he will probably be held in the
medical unit due to his age.