Displaying items by tag: blackmail

After losing a major court case, Russian oligarch Boris Berezovsky will sell a limited edition print of former Soviet Union leader Vladimir Lenin by Andy Warhol (1928-1987). Berezovsky hopes that the sale of Red Lenin (1987) will help him pay off legal bills stemming from the failed court case.

In 2011, Berezovsky brought a civil case in the UK High Court against Roman Abramovich, the owner of the Chelsea Football Club. Berezovsky was a former business associate of Abramovich’s and helped him acquire control of the Russian oil company, Sibneft, in the 1990s. Berezovsky accused Abramovich of blackmail, breach of trust, and breach of contract and claimed that he was threated and intimidated to sell his stake in Sibneft in 2011 for less than its actual value. Berezovsky was seeking $4.5 billion in damages.

Red Lenin will be sold as part of Christie’s Old Master, Modern & Contemporary Prints auction on March 20, 2013 in London. The brightly colored screen print is expected to garner $45,000 to $75,500.

A 46-year-old German man was arrested by authorities in connection to the devastating art heist that took place in the Netherlands on October 16, 2012. The man was arrested in southwestern Germany for allegedly trying to sell the seven stolen paintings back to the Triton Foundation, the owner of the artworks.

The paintings, which include masterpieces by Pablo Picasso (1881-1973), Claude Monet (1840-1926), Henri Matisse (1869-1954), and Paul Gauguin (1848-1903), were on view at the Kunsthal Museum in the Netherlands and have yet to be recovered. The bounty, which includes Picasso’s Harlequin Head (1971), Monet’s Waterloo Bridge, London and Charing Cross Bridge, London (1901), and Matisse’s Reading Girl in White and Yellow (1919), is believed to be worth between $66 million and $266 million.  

This is the fifth arrest made in connection to the heist; three Romanian men accused of carrying out the heist were arrested on January 22, 2013 and a Romanian woman was arrested on March 4, 2013 on suspicion of assisting the robbers. Officials are working to determine whether the German suspect had ties to the stolen paintings or was simply trying to scam the Triton Foundation. He was arrested on the grounds of suspected blackmail and is currently under investigation.