Business Report International

Sotheby’s wants its money back on fake

Katya Kazakina|Published

Francesco Mazzola, called Parmigianinoː Cupid Carving His Bow, detail. Kunsthistorisches Museum, Wien. Creative Commons Francesco Mazzola, called Parmigianinoː Cupid Carving His Bow, detail. Kunsthistorisches Museum, Wien. Creative Commons

New York - Five

years after a painting attributed to the circle of Old Master Girolamo

Francesco Maria Mazzola, known as Parmigianino, fetched $842 500 at Sotheby’s,

the auction house declared the painting a forgery, made nearly four centuries

after the Italian artist died in 1540.

Sotheby’s

is seeking to be reimbursed by the seller of “Saint Jerome,” according to a

complaint filed in federal court in Manhattan. The seller, Luxembourg

resident Lionel de Saint Donat-Pourrieres, received $672 000 from Sotheby’s

(net of the buyer’s premium), but “refused to return the proceeds of the sale,”

the company said in court papers. The auction house said it is giving the buyer

a full refund.

The case is

the latest fake to be discovered in the Old Master trade. Last year, Sotheby’s

returned $10 million to the buyer of a painting attributed to Frans Hals after

it determined the work was a forgery. As with Parmigianino, Hals’s authenticity

issue was determined by Orion Analytical, whose founder James Martin is

considered a leading forensic scientist and expert in art authentication. 

In

December, Sotheby’s acquired Orion Analytical and started a special department

for scientific research headed by Martin.

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Like the

Hals, Saint Jerome was linked to Giuliano Ruffini, who, "according to

media reports, is under investigation for selling a considerable number of Old

Master Paintings that are considered to be modern forgeries,” Sotheby’s said in

the complaint. A 16th century painting of Venus, attributed to German master

Lucas Cranach the Elder, was seized by French authorities in March on suspicion

that it was fake. It had been sold for 7 million euros ($6.5 million) to the

Prince of Liechtenstein in 2013, according to the Art Newspaper.

Sotheby’s

contract with the seller says that the company can rescind the sale if the

painting turns out to be a counterfeit, according to the court papers. Martin

examined pigment samples from 21 different areas of the painting. Each

contained “the modern synthetic pigment phthalocyanine green," which was

first used in paints in the twentieth century, Sotheby’s said.

De Saint

Donat-Pourrieres couldn’t be immediately reached for comment.

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“While we

would have preferred to settle this matter out of court, our consignor has

refused to abide by his obligations and we have been left no other option than

to pursue legal action,” Sotheby’s said in a statement.

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