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Provenance_ How a Con Man and a Forger Rewrote the History of Modern Art - Laney Salisbury [15]

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top dollar. And the overhead for a gallery was huge. A successful gallery needed a respectable address, as well as a staff that included secretaries, accountants, and stock handlers. A top-notch gallery had to install a new show once every few months to maintain credibility, and to try to make a profit on pieces in inventory. The shows were not cheap: There were costs for promotion, advertising, crating, trucking, insurance, installation. After a splashy opening night, the whole thing could run to as much as fifty thousand dollars. It was not unusual for a dealer to break even or report a loss, even if the show sold out.

In a good year, a midlevel dealer might move a dozen works by a handful of new artists at $5,000 to $20,000 apiece, but that was hardly enough to keep a business going. The dealer also had to make a few top-drawer sales of $200,000 and up, and sell a few paintings from other dealers or collectors on consignment, which could net 10 percent of the selling price.

Dealers had to keep an eye on rival gallerists as well, and maintain a solid list of contacts and a full social calendar. Gossip was an important element of the art business. Deals were often struck in back rooms, with only the dealer and the buyer knowing exactly how much money had changed hands. Even at auction, and even for experienced paddle raisers, it wasn’t always clear when a work had been sold and at what price, leaving dealers to rely on their best guess to price their own holdings accordingly.

They also had to worry about antagonizing their clients, who were often among the richest people in the world: industrialists and financiers and attorneys who could easily put a gallery out of business with a single lawsuit. Not only that, but selling to a wealthy collector did not necessarily guarantee payment. Stories abounded of collectors buying a work on credit, enjoying it for a year, then returning it without having paid a penny. Others had been known to buy a picture on credit and then sell it at auction before paying the debt. Police in London and New York knew of collectors who had skipped town with “borrowed” paintings. In a world where transactions were often sealed over a nice meal or by oral agreement, there wasn’t much a stiffed dealer could do but weep.

Mibus took the de Staël home and hung it in his living room. It was filled with color, an abstract landscape of optimism created by a man who had suffered from insomnia and severe depression, and had eventually flung himself from his eleventh-story studio. It had been a while since Mibus enjoyed the luxury of an acquisition like the de Staël, but circumstances were such that he could now afford to keep it for a while. Instead of consigning it to Christie’s, he would allow himself to savor the painting.

4

CROSSING THE LINE

Over the previous few weeks Myatt had been getting calls from his ex-wife. She said her boyfriend was becoming abusive and had hit her on several occasions. The calls grew increasingly frantic, and late one night, after Myatt was in bed, he picked up the phone to hear her frightened voice begging him to come over. He jumped into his car and raced to her house. When he arrived, he found her bruised and bloodied. She told him that she feared her boyfriend would return and hurt her more seriously.

Myatt packed her into the car and drove her home to Sugnall. He said she could stay with him as long as she needed to. She would be safe with him.

She stayed for a week, and Myatt was glad to have her around. She was a real and familiar comfort. Soon, however, she was talking about going back to her lover. Myatt argued against it. He was worried about the children’s safety. He had custody of them, but he’d promised her he wouldn’t stand in the way of their visiting her. Having her there in the farmhouse felt tantalizingly like old times, as if the family were whole again, and yet he realized that he no longer loved her, and that he was feeling more and more confident as a father, even though his life hadn’t been easy since she left. He was torn.

Myatt turned

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