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Prince Charles in trouble? British royal reportedly caught up in a $136 mn fake art fraud

The artworks have been removed from public view at Dumfries House.

Bloomberg|
Nov 04, 2019, 01.42 PM IST
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Agencies
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Prince Charles has become ensnared in a fraudulent art scandal that saw paintings worth 105 million pounds ($136 million) returned to their owners.
By Alex Longley

(Bloomberg) --Prince Charles, heir apparent to the British throne, has become ensnared in a fraudulent art scandal that saw paintings worth 105 million pounds ($136 million) returned to their owners, the Mail on Sunday reported.

One of the works, a supposed Monet worth 50 million pounds, was instead painted by an American forger, according to the Mail. That along with two other artworks, thought to be by Picasso and Dali but now said to be counterfeit, have been removed from public view at Dumfries House, the headquarters of the Prince’s Foundation, the paper said.

“It is extremely regrettable that the authenticity of these particular paintings, which are no longer on display, now appears to be in doubt,” the paper quoted a spokesman for the Prince’s Foundation as saying.

Nirav Modi's Art Fortune Auctioned: Grey Nude & Other Paintings That Stole The Show

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An Anticipated Affair

15 Apr, 2019
A glimpse of the dimensions of fugitive diamantaire Nirav Modi’s wealth recently came to light with the auction of some of his artworks. The much-anticipated affair in Mumbai not only showcased his credentials as an art collector but also displayed his fondness for doing things in a big way. Suffice to say that those who successfully placed their bids that night, walked away with some largish works. When hanging on the wall, many of these works would be hard to miss, rather they’d dominate. Here are some works that were auctioned.
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