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Dealer Sentenced to Federal Prison in Connection with $1.4 Million Ponzi Scheme
by M.A.D. staff

On January 15, Rose Marie O’Reilly, 63, of La Grange, Texas, was sentenced to 48 months in federal prison for her role in an estimated $1.4 million Ponzi scheme. In addition to the prison term, O’Reilly was ordered to pay $1,463,128.50 in restitution and to be placed on supervised release ... (Read More)

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Two Buyers (for a Head) Are Not Better than One
by M.A.D. staff

A sculpture had one seller, two buyers, and two wildly different prices. On January 12, Gagosian Gallery of New York City filed suit in federal court against Pelham Europe, Ltd. in a case involving the sale of Pablo Picasso’s 1931 sculpture Buste de Femme (Marie Thérèse), which was on loan to ... (Read More)

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Bill Introduced to Extend Tax to Out-of-State Art Purchases in New Mexico
by M.A.D. staff

The New Mexico legislature is considering extending a state tax on fine art sales to out-of-state, nonresident buyers. Senate Bill 226 would require all receipts from a New Mexico place of business to be reported. “This would extend the New Mexico gross receipts tax, New Mexico’s versions of the sales tax,” ... (Read More)

(Book Review)

Willard Lighthouse Clocks
by Bob Frishman

A Book Review Simon Willard Patent Alarm Time Pieces: An Exhibition of Willard Lighthouse Clocks by Paul J. Foley and John C. Losch Willard House & Clock Museum, 2016, 110 pages, softbound, $35 plus S/H from the Willard House & Clock Museum, (www.willardhouse.org/shop) or (508) 839-3500. Simon Willard, perhaps America’s best-known clockmaker, ... (Read More)

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Dealer Charged with Two Counts of Theft
by M.A.D. staff

Antiques dealer Robert Jones, 48, of La Crosse, Wisconsin, has been charged with two counts of “Theft—Business Setting,” a felony, according to a criminal complaint filed on January 19. Court papers state that a police investigator was contacted by Marc Storch on November 15, 2015. Storch reported that he had contracted ... (Read More)

(Auction)

Rago's February Sales
by Lita Solis-Cohen

Rago Arts, Lambertville, New Jersey Photos courtesy Rago Arts Rago Arts and Auction Center presented its three-day 20th-century arts and design auction February 26-28 in four catalogs. Two catalogs were for private collections, one with Tiffany, French art glass, and German porcelain plaques, and the other the collection of James and Rose ... (Read More)

(Auction)

Sweet Sale Sweeps Graeter's Americana into Others' Collections
by Don Johnson

Main Auction Galleries, Cincinnati, Ohio Photos courtesy Main Auction Galleries Auctioneer J. Louis “Jay” Karp had a simple explanation for the success of the February 28 sale at Main Auction Galleries in downtown Cincinnati, Ohio. “Getting great stuff,” he said. “That’s the trick of the game.” The best material was Americana from the ... (Read More)

(Auction)

John and Ruth Page Collection Sold at Auction
by Jackie Sideli

William A. Smith, Inc., Plainfield, New Hampshire Photos courtesy William A. Smith, Inc. It was nearly impossible to find a seat in the salesroom of William A. Smith, Inc. for the February 27 midwinter auction. Customers were lined up and leaning against the wall. It is an interesting phenomenon that the gray-haired ... (Read More)

(Auction)

A $46,125 Overmantel Painting Tops Americana Sale
by Frances McQueeney-Jones Mascolo

Skinner, Inc., Boston It’s a rare sight in most auction rooms these days, but there it was at Skinner’s February 27 Americana sale in the Boston gallery. As the preview wound down on the morning of the sale, staff was busy rolling out pallets of chairs to augment the seating already ... (Read More)

(Auction)

The Collection of Corinne H. Machmer
by Lita Solis-Cohen

Conestoga Auction Company, Manheim, Pennsylvania Photos courtesy Conestoga Auction Company There is an old saying that for a dealer’s auction to be successful, the consignor has to be dead. “That is just not true when everyone likes you; everyone loves Corinne,” said Phil Nissley, a partner in Hess Auction Group, after he ... (Read More)
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