Displaying items by tag: manny silverman gallery

After vigorously fighting claims that they knowingly sold a string of fake Abstract Expressionist paintings totalling $60m, the now-defunct Knoedler Gallery and its former director Ann Freedman have quietly settled three of the ten lawsuits brought against them by angry buyers. The settlement terms were not disclosed.

Two of the cases against them, brought in Manhattan federal court, were closed this summer. The Manny Silverman and Richard Feigen galleries settled their suit last Tuesday, August 4.

Disgraced gallery Knoedler & Co. is at the center of two new lawsuits. The first suit was filed by Los Angeles’ Manny Silverman Gallery and Richard Feigen’s gallery in New York. The two dealers are asking to be repaid $1,050,000 for a forged Clyfford Still painting that was sold in a three-way transaction with Knoedler in 2000. The second suit was filed by Los Angeles collectors Martin and Sharleen Cohen, who bought two works, one by Mark Rothko and another by Willem de Kooning, both of which turned out to be forgeries. The couple is demanding to be repaid $475,000 plus interest for the two paintings.

All of the works were part of a trove of fake paintings supplied to Knoedler & Co. by Long Island art dealer, Glafira Rosales. Knoedler & Co. has been involved in over a dozen lawsuits as a result of the forged artworks it received from Rosales.