More Details on the Closing of Knoedler Gallery

On Wednesday last week, Knoedler & Co., one of the oldest and most prestigious art galleries in the country, abruptly announced that it would no longer be open for business, “effective immediately.”

On Friday, The New York Times wrote an article about a federal investigation of “expert forgeries” of artists Jackson Pollock and Robert Motherwell, many of which came to the market through an art dealer from Long Island, Glafira Rosales. In several cases, these works were eventually sold through Knoedler by its former president, Ann Freedman. She resigned her post in 2009 amid accusations by the Dedalus Foundation–started by Motherwell to protect his work–that some of the works sold by the gallery were forgeries.

Knoedler is not implicated in the federal investigation, but on Friday a London collector sued the gallery and Ms. Freedman for selling him an allegedly forged Pollock for $17 million. Read More