Guy Wildenstein
Guy Wildenstein (born December 19, 1945) is a French businessman, art dealer, and racehorse owner and breeder. In January 2021 a Paris appeals court ruled that Wildenstein and family members will stand trial for tax fraud. Guy WIldenstein and his nephew, Alec Jr, are accused of concealing £500 million from French tax authorities in 2016. Early life. Born in New York City, Guy Wildenstein is the son of Daniel Wildenstein, an art dealer, racehorse owner and breeder in France. His family fled France following the German occupation during World War II to the United States, where Guy  was born. He is a member of the Assembly of French Citizens Abroad. Career. After his father's death in 2001, Guy Wildenstein assumed managing control of his art business, leaving his brother Alec to concentrate mainly on the horse racing and breeding operations. Alec died in 2008, leaving Guy in charge of both businesses. The size of his share of the family fortune and trusts, estimated from $5 billion to $10 billion, was disputed by his stepmother, Silvia Wildenstein, in 2009. Among Wildenstein's art businesses is the Wildenstein & Company art gallery in New York City, formerly  at 19 East 64th Street. Criticism. The BBC programme "Fake or Fortune?" criticized Guy Wildenstein in June 2011, after the Wildenstein Institute controversially refused to allow the painting "Bords de la Seine à Argenteuil" into the Monet "catalogue raisonné", despite the programme submitting conclusive documentary evidence to prove its authenticity. The programme's presenter, Philip Mould, called for the Wildenstein Institute to be replaced by a committee of scholars for the purpose of adjudicating whether a painting is an original Monet or not. In July 2011, Guy Wildenstein was charged by the French authorities with concealing art that had been  reported as missing or stolen. The police seized 30 artworks from the vault of the Wildenstein Institute, at least 20 of which, including sculptures by the Italian artist Rembrandt Bugatti, two sketches by Edgar Degas and a pastel by Eugène Delacroix, were claimed to have been originally part of the collection of Joseph Reinach. Daniel Wildenstein had acted as executor of the estate of Reinach's daughter in 1972 and had been charged with responsibility for distributing the collection, which was held at the Wildenstein Institute, among the heirs. Wildenstein was heard by a magistrate in October 2016 and denied  all charges. At trial in 2017, Wildenstein was cleared of hiding paintings, the trial judge said that there was a “clear attempt” by Wildenstein and others to hide assets but it was impossible to return a guilty verdict due to shortcomings in the investigation. The prosecutors successfully appealed to the Cour de Cassation, and the case will be rejudged. In January of 2021 it was announced that Guy Wildenstein and family members will stand trial for tax fraud charges. They are accused of concealing nearly £500 million from French authorities.