Robert De Niro Gets (Some of) Dad’s Paintings Back From Art Scamster

By Roy Edroso, Tuesday, Mar. 16 2010. The Village Voice.

You may remember that last year, art dealer Lawrence Salander was indicted for scamming a lot of rich and famous people out of tens of millions of dollars — including Robert De Niro, whose father’s paintings, it was alleged, Salander sold without permission and without paying the actor his cut.

The Manhattan D.A. pursued the case more aggressively than De Niro seemed to, which suggested to our own Rend Smith that maybe De Niro had made a deal to get the paintings back.

If he didn’t then, he has now — De Niro has paid $14,000 to get back six of his father’s paintings that were in a bankruptcy court’s custody.

Despite his alleged habit of handling high-ticket artworks for celebs like John McEnroe and keeping all the money for himself, Salander’s gallery went bankrupt in 2007; part of De Niro’s problem had been that, though the paintings were his rightful inheritance from his father, they were also assigned for sale to Salander, and were thus considered assets in the bankruptcy that could be auctioned to pay off creditors.

De Niro finally hammered out the $14,000 arrangement for the six remaining paintings from an original lot of 12 assigned to Salander. (The other six are presumed sold and their profits absconded with.) De Niro could be said to have gotten a deal, as the 12 paintings together were said to be worth at least $1 million.

Read the rest of the story.

Source:

http://blogs.villagevoice.com/runninscared/archives/2010/03/robert_de_niro_1.php

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About Art Collecting and Investment

Providing news about art collectors, collections and investments. Including the how to's, the why's and the where's of art collecting. Wanda Pepin, Christina Madden and Elaine Frenett are all professional artists who keep up on the world of art, while creating amazing works of art themselves.
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