Wednesday, April 20, 2016

Picasso portrait should return to New York, where she was in the house of old billionaire stolen

Wilma table says that Picasso was stolen from his home Scarsdale 8 years (L.) before - but she had realized. Roth T / Getty Images

Wilma table says that Picasso was stolen from his home Scarsdale 8 years (L.) before - but she had realized.

Portrait of a novice master Picasso must be returned to Manhattan, where it was before stolen from the house on Fifth Avenue, a multimillion-old widow years, Wilma table, signed by a court order from a judge of the state court Wednesday.

Joan Kenney Manhattan Supreme Court ordered a Miami distributing of art Kenneth Hendel to bring the small portrait back the bearing type, Day & Meyer, until it can hold a hearing next week on a resolution of the table it is stolen and the insistence Hendel is his because he bought in good faith.

1928 portrait of Picasso's mistress, Marie-Therese Walter, to be worth in court records estimated as much as $ 1 million.

Table lawyer Luke Nikas said, has done his client in recent years that the painting had disappeared from his home Zebra Art, but did not know where he was, either in storage or repair. She did not report lost, but continue to provide.

Nikas said table 88, only learned last week that Hendel made owned Art Gallery in Miami, offered for sale in Manhattan gallerist his son attentively, who called the family lawyers.

Painter Pablo Picasso in a photo from the 1960s. RALPH GATTI / AFP / Getty Images

Painter Pablo Picasso in a photo from the 1960s.

Nikas said an investigation revealed that the portrait of 2009 seems to have disappeared when Christie of $ 400,000 estimated at the family and offered in 2013 at Sotheby for $ 700,000 to $ 900,000 at an auction. No one has.

Researchers believe that was offered by Sotheby passed by a company of Mahmoud Antar, another investor Miami-based art. Nikas said Antar bought the maid, who said that it was a "gift" of the family.

"That's what they all say," Nikas, who said, has specialized in the art of controversy. He said the maid who now $ 60,000 Antar table sold lives in Ecuador.

He said the family makes a complete inventory of works of art and valuables and take the case of Picasso fraud unit Art Painting FBI because several lines across the state last month.

Nikas said table went to Hendel in court refused to return or document the painting to support your purchase.

Hendel he said, "fair market price" ($ 350,000 in cash and $ 150,000 Art) paid because it was assumed the ownership chain examined by Sotheby's.

"Due Diligence How much?" He asked and said that he has learned since Sotheby saw no receipt showing Laurence Tisch Knoedler had bought or that the family had sold privately.

"I bought it in good faith and under Florida law, as I have done it," he said.

Kenney said he a restraining order granted until it can proceed to a full hearing on April 28, because the table lawyer "a strong case" had that "has no legal basis in terms of the status quo for the maintenance of a masterpiece the art work. "

Nikas said his firm, Boies Schiller and Flexner, Day & Meyer tried in recent days to convince them to keep the painting in his shop in Manhattan, but the company folded on Tuesday morning and gave the little portrait Mail Henkel after he threatened to complain.

The night before, Henkel has a video that shows the portrait sent, the only 14 inch measures 7.5 back on the wall of his gallery. "Safe and Sound," he said.

The image has the past half century had several names. If purchased table for the first time, it was called the thinker. Later, he was entitled Tete.

Picasso painted the portrait shortly after he and Walter, then 17, his adventure began that until 1935 they had a daughter takes, Maya Widmaier-Picasso.

Keyword:
Westchester County,
Miami,
Florida,
judgment
distribution

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