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Art Theft

Bankrupt 'playboy' James Stunt attempted to borrow £104m against works of art claimed to be forgeries. The former husband of heiress Petra Ecclestone owes £5m in debt including an unpaid sum of £3.9m to Christie's. Screen Shot 2019 07 15 at 23.09.00

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James Stunt, the former husband of heiress Petra Ecclestone, attempted to borrow money against works of art that are claimed to be forgeries, and which were for a time hanging in Dumfries House in Scotland.

Three of the paintings, attributed to Monet, Picasso and Dalí, were part of a group of 17 works given on ten-year loan to Dumfries House, the headquarters of Prince Charles’s charitable foundation, according to the Daily Mail.

The insurance valuation for the group was £104m. According to the article, the US artist Tony Tetro claimed he painted the three works on his kitchen table in California. But according to three specialist art loan companies—which cannot be identified because of confidentiality agreements—agents or intermediaries for Stunt attempted to borrow money against the works, claiming they were genuine.

To read more on The Art Newspaper:

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You may also like to read:

* Stunt and his alleged forgeries - The grand tour courtesy the kids' own instagram page

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