Star Martin stung for €700k in art forgery
FILM star Steve Martin has been named as a victim in an art scam after it emerged that he spent €700,000 on a modernist painting which turned out to be fake.
Police in Germany say Martin was among dozens of collectors who unwittingly purchased artworks from a prolific group of suspected conmen who were last week charged with creating and then selling 44 forged paintings over the past decade.
Martin was hoodwinked into spending €700,000 on an oil painting called Landschaft mit Pferden or Landscape With Horses in 2004. The piece was authenticated by an expert who said it was created during the First World War by the Dutch artist, Heinrich Campendonk.
He kept the work in his private collection for 15 months, before abruptly deciding to sell it at Christie's. A Swiss businesswoman took ownership of the painting in February 2006 after bidding €500,000 at auction, 40pc less than Martin originally paid.
It has since been exposed as a creation of Wolfgang Beltracchi and his accomplice Otto Schulte-Kellinghaus, who are accused of creating dozens of fakes passed off as pieces by Campendonk, Max Pechstein, Fernand Leger, Max Ernst, and others.
Martin has not been accused of any wrongdoing, and said he had no idea that the work was forged. When he bought it from a Paris gallery, it came with both an authentication from an expert art historian and a convincing paper trail charting its ownership over the previous 90-odd years.
"It wasn't clear that it was a fake until after Christie's had sold the picture, it was a long time after that, that it became known," he said. He added that he was unsure whether he had any legal liability resulting from the sale. "The gallery that sold me the picture has promised to be responsible to me, but it's still unclear."
Martin is certainly not the sort of wealthy fool one might expect to be easily conned by forgers.
As one of Hollywood's most prolific collectors, his passion for art was explored in the film LA Story. He once wrote an entire comic novel, Object Of Beauty, set in the New York gallery scene.
The whys and wherefores of his decision to offload the painting at a substantial loss during a period when the wider art market was booming remain unclear.
Martin was certainly not the only one to fall victim to the alleged scam, though.
To the amazement of the art community, the defendants in the forthcoming case were apparently able to pass their creations off as legitimate by offloading them alongside genuine masterpieces once owned by well-known German collectors.
Among those accused of helping perpetrate the scam are Beltracchi's wife Helene and her sister Jeanette, who are said to have claimed many of the forgeries came from the estate of their late grandfather, a Cologne businessman called Werner Jaegers.
Mr Martin said he had purchased forged works "once or twice" previously, "and each time you become more and more cautious".