AnnFreedman

The $80 Million Art Con

When one of the oldest and most respected art galleries in America, the Knoedler Gallery in New York, closed its doors abruptly in 2011, the art world was stunned. Not because the gallery closed, but by the discovery that over the course of 15 years, the gallery and its president, Ann Freedman, had sold millions of dollars in forgeries to wealthy collectors.

Former director of scandal-beset Knoedler Gallery breaks her silence

In 2009, two years before news of the Knoedler Gallery’s US$70m sale of fake Abstract Expressionist paintings began to emerge, Ann Freedman resigned as director. Two years later, the venerable gallery closed down and the lawsuits against Knoedler and Freedman began to flood in. Five settled. The first to reach trial, brought by the collectors Domenico and Eleanore De Sole, also settled its claims against Freedman on 7 February (and against Knoedler shortly afterwards), just before she was set to take the stand in the New York courtroom. Her testimony had been eagerly anticipated, not least because she has never given her view of the unfolding scandal and her involvement in it. Until now.

Speaking to The Art Newspaper in an exclusive interview, her first in several years, she summed up the situation thus: “There has been a lot of misunderstanding.” We spoke to her in her sun-filled gallery on the Upper East side, FreedmanArt, which she opened in 2011. “Looking back, there can be things I didn’t see at the time… Could I have done some things differently? Not a day goes by that I don’t think about it. I don’t have an answer sitting here. I will at some point probably.”