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Wednesday, 06 July 2011 04:49

New York Art Gallery Sued For Selling $6.5 Million In Phony And Overvalued Russian Art

Anatoly Bekkerman Anatoly Bekkerman

A European art buyer has sued ABA Gallery and its owner, Anatoly Bekkerman, of selling $6.5 million in fake and overvalued paintings by Russian artists (via Artinfo).

The suit, filed in federal court Friday by a company in Luxembourg, saying Bekkerman had persuaded it to buy four paintings that were forged and 14 more that were "of substantially lesser value than Bekkerman had represented," according to Courthouse News Service.

The works at issue include a $4 million oil painting by Ivan Aivazovsky called "Seascape with Peter the Great," which the Luxembourg company says was worth only $800,000.

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