Viktor Vekselberg, one of the Russian billionaires that Christie's necessarily courts, is to sue the auction house, alleging that they sold him a fake, reports the
Telegraph. Vekselberg bought a work by painter Boris Kustodiev,
Odalisque, for £1.69m in November 2005. The collector's investment arm, the Aurora Fund, apparently began to have its suspicions over the authenticity of the work a year later. These were further fueled when the Rosokhrankultura, a Russian government department charged with the protection of Russian culture, published a catalogue of fraudulent works in 2009, which included
Odalisque. After further academic research into Kustodiev's practice, the Aurora Fund is now seeking its money back plus damages.
You need to be a member of artreview.com to add comments!
Join artreview.com