Ace Gallery
Art marketnews
Douglas Chrismas, founder of Los Angeles’s Ace Gallery, found guilty of embezzlement
The longtime California art dealer is facing up to 15 years in prison
Art marketanalysis
When dealers go bust, what happens to the art they hold?
Establishing ownership and value of works can be a complicated business, as recent legal cases have shown
Art marketnews
Hundreds of works from Los Angeles's infamous Ace Gallery to be liquidated via online auction
At least $230,000 worth of art and ephemera is being offered to repay creditors in the gallery's 2013 bankruptcy
Art crimenews
Disgraced dealer Douglas Chrismas ordered to repay $14.2m in profits from art sales
Chrismas, who was arrested by the FBI in 2021, is also facing up to 15 years in prison if convicted in a separate criminal case
Art marketnews
Douglas Chrismas arrested for allegedly embezzling over $260,000 from Ace Gallery’s bankruptcy estate
Chrismas, who founded the Los Angeles gallery in 1967, is accused of embezzling the funds while acting as the estate’s trustee and custodian