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Danish art connoisseur convicted of fraud

Danish art connoisseur convicted of fraud

A Danish court has convicted an art connoisseur of defrauding a 92-year-old woman by telling her a painting she owned was only worth only 200,000 kroner ($37,800), then selling it for 25 times that amount.
The Copenhagen City Court, which sentenced Svend Erik Olsen to eight months in prison, says her bought the 1906 oil canvas by French painter Andre Derain in 2004 by telling the woman it was just a copy of the original.
He then resold the painting a month later for 5 million kroner ($944,000) to a French art gallery that had certified it was genuine.
The canvas, which shows a landscape in southern France, eventually was sold by Sotheby's for $6.8 million.
It was unclear if Olsen would appeal Tuesday's court ruling.


Updated : 2021-07-28 16:22 GMT+08:00