
The New York Times reported that a forged Robert Motherwell painting was branded with the equivalent of a scarlet letter in a legal settlement involving three art galleries and the Dedalus Foundation, which owns the copyrights to Motherwell’s works. The unseated painting at the center of the dispute was sold to a European gallery, Killala Fine Art, for $650,000 in 2007 by Julian Weissman formerly with Knoedler & Company, who bought it from Glafira Rosales, a dealer on Long Island
As part of the settlement, Rosales and Weissman will reimburse Killala for the price of the painting and Dedalus for its expenses.
Source: The New York Times.