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Sotheby’s De Sole Settles $25 Million Suit Over Fake Rothko

  • Knoedler gallery sold dozens of forged paintings to clients
  • Sales resulted in $32.8 million in profit for the gallery
Updated on

Sotheby’s Chairman Domenico De Sole and his wife settled their lawsuit against Knoedler & Co. gallery in New York, ending a four-year legal battle over a fake Mark Rothko painting.

Lawyers for both sides announced the accord Wednesday in Manhattan federal court in the middle of trial, following a Feb. 7 settlement with art dealer Ann Freedman, former president of the gallery. Terms of the latest agreement weren’t disclosed.