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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Friday, November 1, 2013

Art Dealer Accused of Defrauding Sculptor's Estate

Calder_jpg

The heirs of modernist artist Alexander Calder have accused art dealer Klaus Perls, Calder’s longtime confidant, of defrauding the Calder estate out of millions.

Calder is known as the inventor of the moving sculpture, the mobile.  His heirs believe Perls and his daughter, Katherine, have been defrauding the estate for the last three decades, going so far as to use Swiss bank accounts to hide the proceeds of unauthorized art sales.  Perls died in 2008 and Katherine is now the executor of his estate.  Calder’s heirs are seeking over $20 million in damages.

See Chris Dolmetsch & Sophia Pearson, Sculptor Calder’s Estate Accuses Late Confidant of Fraud, Bloomberg, Oct. 30, 2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/11/art-dealer-accused-of-defrauding-sculptors-estate.html

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