Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Glafira Rosales Pleads Guilty

September 16, 2013 by Marion Maneker

credit: JEFFERSON SIEGEL
credit: JEFFERSON SIEGEL

The New York Times reports on Glafira Rosales’s day in court:

The quick resolution of the case against Ms. Rosales and a statement read by Judge Failla in court suggested, however, that Ms. Rosales, of Sands Point, N.Y., is cooperating with the Federal Bureau of Investigation and prosecutors in the case. The judge, at one point, read aloud a portion of Ms. Rosales’s plea agreement in which it said she had agreed to provide information to the government.

Ms. Rosales, who appeared in court wearing a charcoal pinstriped jacket and black pants, had been arrested in May and was indicted on additional charges last month. Speaking in a halting, barely audible voice, she acknowledged to the judge that she had sold works that were said to be by famous painters like Mark Rothko, Jackson Pollock and Robert Motherwell, but “were in fact fakes created by an individual in Queens.”

The US Attorney for the Southern District reveals that Rosales made $33m from the works:

She sold the Works to two prominent Manhattan art galleries for approximately $33.2 million. The galleries, in turn, sold the Works to victims of ROSALES’s crime for more than $80 million. […] She also agreed to forfeit $33,200,000, including her home in Sands Point, New York, and to pay restitution in an amount not to exceed $81 million. Rosales will be sentenced by Judge Failla on March 18, 2014 at 2:30 p.m.

According to other reports, Rosales might forfeit her US citizenship as part of her sentencing.

Art Dealer Admits Role in Selling Fake Works (NYTimes)

Art Dealer Pleads Guilty in Manhattan (SDNY)

More from Art Market Monitor

  • How’s This Season’s Contemporary Market Stacking Up?How’s This Season’s Contemporary Market Stacking Up?
  • What the Chinese Buyer WantsWhat the Chinese Buyer Wants
  • Confidence in Russian ArtConfidence in Russian Art
  • Making Sense of the Vulgar DaliMaking Sense of the Vulgar Dali
  • Felix and the Quest for ValueFelix and the Quest for Value
  • Quantifying OrientalismQuantifying Orientalism

Filed Under: Fraud, Theft & Restitution

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • After Pandemic’s Rapid Change, Sotheby’s Has 8 Predictions for 2021
  • For 2020, Phillips Brought in Total of $760.4 million, Down 16 Percent from 2019; Asia Sales Up 24 Percent
  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • A Season of Resilience: Fall 2020 Hong Kong Auction Analysis
  • Tony Podesta's Secret Art Buying
  • Soulages First Owned by Senegalese Poet-Politician Léopold Sédar Senghor Sells in France
  • A Season of Improvisation: Fall 2020 New York Modern and Contemporary Art Auction Analysis
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Christie's Announces $70m Picasso Self Portrait
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor