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German woman sentenced to three and a half years in prison for fraud in the art world

2021-07-31T07:10:16.508Z


Angela Gulbenkian has been sentenced by a British court. She used her last name, renowned in the art world, to gain the trust of individuals and organizations from which she would have withdrawn more than a million euros.


The story could inspire Spielberg for his upcoming

Catch Me If You Can.

A British court on Thursday sentenced to three and a half years in prison a German woman who had taken advantage of the reputation of her husband's family in the art world to fraudulently sell a work and finance a luxurious lifestyle.

Read also: NFT: the art market switches to cryptocurrency

On social media, she describes herself as one of the “

world's most famous art collectors

.”

Angela Gulbenkian, 40, was convicted on Friday of two thefts, totaling more than one million pounds (1.18 million euros).

In May 2017, she had fraudulently sold for 982,000 pounds (1.2 million euros) a work by Japanese artist Yayoi Kusama, a huge spotted yellow pumpkin, which she did not own, to the Hong Kong company Art Incorporated Limited. (GARLIC).

She had also convinced one of her friends living in London, Jacqui Ball, to entrust her in 2018 with her 50,000 pounds (58,700 euros) in savings to place them in the art market, without ever doing so, never to her. returning his money only after the theft was reported to the police.

Read also: Faced with Covid-19, the art market benefits from online

The accused, married to sports agent Duarte Gulbenkian, a member of an important artistic family, used her name to convince her victims that she was an art broker, so that they entrusted her with their savings.

"Angela Gulbenkian used her status and her powerful connections in the art world to give an air of legitimacy to her criminal activities,"

prosecutor Laura Hoon said during the trial, denouncing

"a tissue of lies (served) during months ”

.

The art consultant Mathieu Ticolat, who belongs to AIL, described in court 

“the hell”

that Mrs. Gulbenkian made him live.

"This industry is built on trust and I believed it because it said it was part of the Gulbenkian family

,

"

said the

"deceived"

investor

who

"still struggles to recover"

financially.

Read also: Art market: China woke up, all alone, behind its wall

The defendant pleaded guilty to both counts, explaining to Southwark Crown Court in London that she squandered her booty to finance her luxurious lifestyle, which was drastically reduced when her husband fell out with his family.

She then explained that she had spent 121,000 pounds (142,000 euros) on travel, 56,000 pounds (65,800 euros) on works of art and other sums on luxury items and jet rentals.

Judge David Tomlinson sentenced her Thursday to three and a half years in prison.

Ms Gulbenkian has already served the equivalent of two years, after being arrested in Lisbon and remanded in custody in Bronzefield prison (west London) in December 2020.

Source: lefigaro

All news articles on 2021-07-31

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