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The New York Times is going to great lengths to find a fault in its story mopping up the revelations from the stolen Mossack Fonseca data.

Late last week, The Guardian revealed the financial arrangements around the Ganz sale that was a major catalyst for, and precursor of, today’s booming art market.

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The question is whether people would have paid as much if they had known that the art was not fresh from the estate of two connoisseurs who had spent half a century scouring galleries for gems by artists like Picasso, Jasper Johns and Frank Stella.“To ‘flip’ an entire collection of that quality is unprecedented,” said the art adviser Wendy Goldsmith, who was Christie’s director of 19th-century European art in London at the time and was unaware of the auction house’s arrangement with Mr. “It was an icon of estate sales, a milestone in pricing.

Last modified 01-Sep-2017 03:43