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Ukraine creates database of art linked to sanctions-hit Russians

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From Leonardo da Vinci’s Salvator Mundi to Andy Warhol’s Four Marilyns, it amounts to an art collection that could grace any gallery in the world.

But rather than being the highlights of a blockbuster exhibition at a major gallery, these are just some of the 300, and counting, pieces known to have been recently owned by Russian nationals under western sanctions that have been entered into a searchable database set up by Ukraine’s National Agency on Corruption Prevention (NACP).

The agency’s “war and sanctions portal” lists paintings and sculptures thought to have been bought and sold in recent years by the Russian super-rich accused by the west and Kyiv of aiding and abetting Vladimir Putin’s war in Ukraine.

The purpose of the tool, the agency said, was to “make it easier for virtuous art market participants to carry out sanctions checks and make it difficult for Russian oligarchs to sell such assets”.

Western economic sanctions imposed on hundreds of Russian individuals are designed to restrict the ability of those who are profiting from or fuelling the war to move their fortunes around the world.

Artworks can be relatively easily sold across national borders without alerting the authorities, with the subjective nature of the value allowing prices to be easily inflated or deflated.

The antiquities, art and cultural object market is said to have had a global value of $65.1bn in 2021, according to the Financial Action Task Force, an intergovernmental laundering watchdog that published a report in February to advise on regulatory best practice.

Francis Bacon’s Triptych, 1976

The NACP said Russian oligarchs were still all too easily able to “hide and launder their money through art objects” despite the sanctions imposed on them.

“Painting, sculptures, artistic jewellery – this is exactly what is used as a loophole to circumvent sanctions,” the agency said. “The ‘war and art’ section will contribute to the work on preventing the circumvention of sanctions, finding artistic assets of sanctioned Russians with the aim of their further freezing, confiscation and future transfer to Ukraine.”

Among the collectors named on the portal is the former Chelsea football club owner Roman Abramovich, who is said to have acquired a number of well-known pieces over the years, including a Francis Bacon triptych from 1976, Alberto Giacometti’s Woman of Venice I and eight albums from the series The 10 Characters by the American conceptual artist Ilya Kabakov. The works bought are said to have an estimated value of $163.9m (£128m).

The portal discloses that Leonardo’s Salvator Mundi, dating from about 1500, was acquired by the billionaire Dmitry Rybolovlev, although it has since been sold on, while Mikhail Fridman, a close ally of Putin’s and a co-founder of the Russian multinational Alfa Group, acquired Warhol’s Marilyn Monroe tribute in 2013.

Andy Warhol’s Four Marilyns

The inclusion of famous works by artists as varied as Claude Monet, Damien Hirst and Auguste Rodin highlights the extraordinary wealth accumulated by those said to be supporting the Russian leadership.

The portal invites submissions on the potential ownership by sanctions-hit Russians of other pieces of valuable art through an online form, with the agency recognising that the “process of updating information is quite complicated, because there is no official data on the direct owners of art objects, formally it can be their relatives, or the owner can change several times in short periods of time”.

“Currently, the section contains information on more than 300 art objects,” the agency said. “Among their owners are Russian billionaire Viatcheslav Kantor, model Daria Zhukova, rapper Timur Yunusov (Timati) and other individuals who are under sanctions for directly supporting Russia’s war against Ukraine.”

The estimated value of the works identified is $1.3bn. In some cases, the art has been sold on to people who are not on a sanctions list but their past Russian ownership has been included in an attempt to discourage such assets being used to launder fortunes.

 

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Calvin Lucyshyn: Vancouver Island Art Dealer Faces Fraud Charges After Police Seize Millions in Artwork

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In a case that has sent shockwaves through the Vancouver Island art community, a local art dealer has been charged with one count of fraud over $5,000. Calvin Lucyshyn, the former operator of the now-closed Winchester Galleries in Oak Bay, faces the charge after police seized hundreds of artworks, valued in the tens of millions of dollars, from various storage sites in the Greater Victoria area.

Alleged Fraud Scheme

Police allege that Lucyshyn had been taking valuable art from members of the public under the guise of appraising or consigning the pieces for sale, only to cut off all communication with the owners. This investigation began in April 2022, when police received a complaint from an individual who had provided four paintings to Lucyshyn, including three works by renowned British Columbia artist Emily Carr, and had not received any updates on their sale.

Further investigation by the Saanich Police Department revealed that this was not an isolated incident. Detectives found other alleged victims who had similar experiences with Winchester Galleries, leading police to execute search warrants at three separate storage locations across Greater Victoria.

Massive Seizure of Artworks

In what has become one of the largest art fraud investigations in recent Canadian history, authorities seized approximately 1,100 pieces of art, including more than 600 pieces from a storage site in Saanich, over 300 in Langford, and more than 100 in Oak Bay. Some of the more valuable pieces, according to police, were estimated to be worth $85,000 each.

Lucyshyn was arrested on April 21, 2022, but was later released from custody. In May 2024, a fraud charge was formally laid against him.

Artwork Returned, but Some Remain Unclaimed

In a statement released on Monday, the Saanich Police Department confirmed that 1,050 of the seized artworks have been returned to their rightful owners. However, several pieces remain unclaimed, and police continue their efforts to track down the owners of these works.

Court Proceedings Ongoing

The criminal charge against Lucyshyn has not yet been tested in court, and he has publicly stated his intention to defend himself against any pending allegations. His next court appearance is scheduled for September 10, 2024.

Impact on the Local Art Community

The news of Lucyshyn’s alleged fraud has deeply affected Vancouver Island’s art community, particularly collectors, galleries, and artists who may have been impacted by the gallery’s operations. With high-value pieces from artists like Emily Carr involved, the case underscores the vulnerabilities that can exist in art transactions.

For many art collectors, the investigation has raised concerns about the potential for fraud in the art world, particularly when it comes to dealing with private galleries and dealers. The seizure of such a vast collection of artworks has also led to questions about the management and oversight of valuable art pieces, as well as the importance of transparency and trust in the industry.

As the case continues to unfold in court, it will likely serve as a cautionary tale for collectors and galleries alike, highlighting the need for due diligence in the sale and appraisal of high-value artworks.

While much of the seized artwork has been returned, the full scale of the alleged fraud is still being unraveled. Lucyshyn’s upcoming court appearances will be closely watched, not only by the legal community but also by the wider art world, as it navigates the fallout from one of Canada’s most significant art fraud cases in recent memory.

Art collectors and individuals who believe they may have been affected by this case are encouraged to contact the Saanich Police Department to inquire about any unclaimed pieces. Additionally, the case serves as a reminder for anyone involved in high-value art transactions to work with reputable dealers and to keep thorough documentation of all transactions.

As with any investment, whether in art or other ventures, it is crucial to be cautious and informed. Art fraud can devastate personal collections and finances, but by taking steps to verify authenticity, provenance, and the reputation of dealers, collectors can help safeguard their valuable pieces.

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Ukrainian sells art in Essex while stuck in a warzone – BBC.com

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Ukrainian sells art in Essex while stuck in a warzone  BBC.com

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Somerset House Fire: Courtauld Gallery Reopens, Rest of Landmark Closed

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The Courtauld Gallery at Somerset House has reopened its doors to the public after a fire swept through the historic building in central London. While the gallery has resumed operations, the rest of the iconic site remains closed “until further notice.”

On Saturday, approximately 125 firefighters were called to the scene to battle the blaze, which sent smoke billowing across the city. Fortunately, the fire occurred in a part of the building not housing valuable artworks, and no injuries were reported. Authorities are still investigating the cause of the fire.

Despite the disruption, art lovers queued outside the gallery before it reopened at 10:00 BST on Sunday. One visitor expressed his relief, saying, “I was sad to see the fire, but I’m relieved the art is safe.”

The Clark family, visiting London from Washington state, USA, had a unique perspective on the incident. While sightseeing on the London Eye, they watched as firefighters tackled the flames. Paul Clark, accompanied by his wife Jiorgia and their four children, shared their concern for the safety of the artwork inside Somerset House. “It was sad to see,” Mr. Clark told the BBC. As a fan of Vincent Van Gogh, he was particularly relieved to learn that the painter’s famous Self-Portrait with Bandaged Ear had not been affected by the fire.

Blaze in the West Wing

The fire broke out around midday on Saturday in the west wing of Somerset House, a section of the building primarily used for offices and storage. Jonathan Reekie, director of Somerset House Trust, assured the public that “no valuable artefacts or artworks” were located in that part of the building. By Sunday, fire engines were still stationed outside as investigations into the fire’s origin continued.

About Somerset House

Located on the Strand in central London, Somerset House is a prominent arts venue with a rich history dating back to the Georgian era. Built on the site of a former Tudor palace, the complex is known for its iconic courtyard and is home to the Courtauld Gallery. The gallery houses a prestigious collection from the Samuel Courtauld Trust, showcasing masterpieces from the Middle Ages to the 20th century. Among the notable works are pieces by impressionist legends such as Edouard Manet, Claude Monet, Paul Cézanne, and Vincent Van Gogh.

Somerset House regularly hosts cultural exhibitions and public events, including its popular winter ice skating sessions in the courtyard. However, for now, the venue remains partially closed as authorities ensure the safety of the site following the fire.

Art lovers and the Somerset House community can take solace in knowing that the invaluable collection remains unharmed, and the Courtauld Gallery continues to welcome visitors, offering a reprieve amid the disruption.

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