Lessons from Art Thief Larry Salander: Do Your Due Diligence When Working With Art Dealers
The Clarion List is a platform where clients of art dealers can share their experience and help each other avoid such fraud in the future. Smart collectors do more than check out the provenance of the artwork they're buying-they do due diligence on the art dealer midwifing their purchase. Manhattan gallerist Lawrence B. Salander helped teach us that lesson. In March 2010, Salander pleaded guilty to 30 counts of grand larceny and fraud, for stealing more than $100 million from clients and investors, including Robert De Niro and John McEnroe.