Art & crime

Stefan Koldehoff

Book - 2021

"The art world is one of the most secretive of global businesses, and the list of its crimes runs long and deep. Today, with prices in the hundreds of millions for individual artworks, and billionaires' collections among the most conspicuous and liquid of their assets, crime is more rampant than ever in this largely unregulated universe. Increased prices and globalization have introduced new levels of fraud and malfeasance into the art world--everything from "artnapping," in which an artwork is held hostage and only returned for a ransom, to forgery and tax fraud. However, the extent of the economic and cultural damage that results from criminality in the global art scene rarely comes to light. The stories of high-stakes..., brazen art crimes told by art experts Stefan Koldehoff and Tobias Timm are by turns thrilling, disturbing, and unbelievable (the imagination for using art to commit crimes seems boundless). The authors also provide a well-founded analysis of what needs to change in the art market and at museums. From the authors of False Pictures, Real Money (about the Beltracchi art forgery case), Art and Crime includes a chapter on art owned by Donald Trump. It is a thoroughly researched, explosive, and highly topical book that uncovers the extraordinary and multifarious thefts of art and cultural objects around the world"--

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Subjects
Published
New York, NY : Seven Stories Press [2021]
Language
English
German
Main Author
Stefan Koldehoff (author, -)
Other Authors
Tobias Timm, 1975- (author), Paul David Young (translator)
Item Description
Translated from the German.
Physical Description
xvii, 285 pages, 8 unnumbered pages of plates : illustrations (chiefly color) ; 24 cm
Bibliography
Includes bibliographical references.
ISBN
9781644211199
  • Light and Shadow: an Introduction
  • 1. Stolen, Robbed, Kidnapped
  • Of legendary museum thefts, "art-napping," and the 220-pound gold coin
  • 2. The Disappearance of the Original
  • The second decline of the avant-garde
  • The myth of Modigliani-how classic modernism is systematically counterfeited
  • Hitler's telephone and Thorak's horse-the trade in genuine and counterfeit Nazi paraphernalia
  • Mornings Picasso, afternoons Dali-mass deception with copied graphic reproduction
  • India ink and Italian red wine-the trade in forged books
  • 3. Cultural History Destroyed
  • The international smuggling and illegal excavation of antiquities
  • 4. When Dictators Collect
  • The art market, the international kleptocracy, and ethics
  • 5. The Fakes President
  • Donald Trump and Art
  • 6. Art Investment as Fraud
  • Helge Achenbach and the Aldi connection
  • 7. Dirty Money and Clean Art
  • Van Gogh in the basement, Basquiat in a box-how the art market serves international money laundering
  • Freeports-the dark rooms of the global art business
  • Conclusions: Ten questions about art and crime
  • Photo insert credits
  • Acknowledgments
  • Notes
Review by Publisher's Weekly Review

In this engrossing account, Koldehoff and Timm (False Pictures, Real Money) survey the link between art and crime, starting with the 1911 theft of the Mona Lisa from the Louvre and including such recent sensational cases as the 2017 theft of a 220-lb. Canadian gold coin from Berlin's Bode Museum. The authors make the case that in today's unregulated art world, many crimes are committed for laundering drug money or hiding stolen assets. (To this day, the FBI suspects the Mafia was behind the unsolved 1990 robbery of 13 works of art from the Isabella Stewart Gardner Museum in Boston.) While most readers know about the art stolen by the Nazis during WWII, it will be news to many that forgeries of Hitler's own paintings, most of them fake according to one expert, remain a lucrative business. One chapter, "The Fakes President," describes how President Trump siphoned funds from his charitable fund to buy art, including a portrait of himself. The authors also cover how, when Trump had the Bonwit Teller building demolished to build Trump Tower, he reneged on his promise to preserve the building's Art Deco friezes and donate them to the Metropolitan Museum of Art--which was technically not a crime. Assured prose bolsters these fascinating tales. True crime fans and aficionados of culture will appreciate this dive into the dark side of the art world. (Dec.)

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