Regulation is needed in the global art market because it is vulnerable to money laundering, tax evasion, trading on inside information and price manipulation – as reported by the Financial Times blog (Jan 2015) after an FT Weekend lunch in Davos. It is indeed not much of an exaggeration to state that the art world […]

An international art dealer has gone on trial in Paris on charges of tax fraud and money laundering. Two relatives of Guy Wildenstein allegedly informed authorities of the family’s financial dealings, prompting them to demand around $602 million in back taxes. Wildenstein, 70, the Franco-American heir of a New York art-dealing empire, is accused of […]