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Ernst Fake Sold to Louis Reijtenbagh Causes Werner Spies New Headaches

May 27, 2013 by Marion Maneker

Spies, La Beraudiere, Reijtenbagh
Spies, La Beraudiere, Reijtenbagh

Noted Max Ernst scholar, Werner Spies, has had his share of trouble over authenticating works. Today it was announced that Spies will be held responsible for paying half the €652,883 owed back to investor Louis Reijtenbagh for a painting “Earthquake” sold by Geneva gallerist Jacques La Béraudière as authentic based upon Spies’s authoritative opinion.

Reijtenbagh has already had his share of troubles too with the art market. A substantial collector, he got caught selling works that were being offered as collateral for multiple loans.

Art historian Werner Spies convicted poorly authenticated a painting by Max Ernst (Fr.YahooNews)

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Filed Under: Fraud, Theft & Restitution

About Marion Maneker

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