Finance
Qatari Sheikh Hamad Al Thani Wins £4.2 Million Breach Of Contract And Negligence Case Against Art Dealer John Eskenazi

Published
2 months agoon
By
James White
ASCOT, UNITED KINGDOM – OCTOBER 15: Sheikh Hamad Bin Abdullah Al Thani attends QIPCO British … [+]
In 2015, Sheikh Hamad Bin Abdullah Al Thani purchased seven artefacts believed to be from antiquity from London-based art dealer John Eskenazi. Between April 2014 and October 2015, he had paid a total of $4.9 million (£4.2 million) through Qatar Investment and Projects Holding Company (Qipco).
During the sale process, the Sheikh did not thoroughly analyze the forensic makeup and provenance of the work, believing that they had just recently been discovered in caves. Only when museums began requesting exhibitions did Qipco’s team contact Eskenazi for further details.
When these details could not be provided, the Qataris sought their own forensic experts, who found plastic and chemicals indicative of contemporary forgery. All seven works were deemed to be fake.
Eskenazi denied the Qatari request to return the objects and cancel the deal, so the collector sought damages from the High Court of London.
The Al Thani family is extremely important around the world, but especially in England. Qatar is currently hosting the FiFA World Cup, and Hamad’s father abdicated the Qatari throne in 2007, while his cousin Sheikh Tamim Bin Hamad Al Thani is the current ruler. Art collecting Sheikh Hamad Bin Abdullah lives at perhaps the most expensive residence in London, $400 million Dudley House in Park Lane, where he hosted the late Queen Elizabeth the II. Hamad and his brothers are avid horse racers, and QIPCO Britain’s largest equestrian sponsor and partner of the Royal Ascot. The unrelated Qatari Investment Authority owns the iconic Harrods department store and 20 percent of Heathrow Airport.
ASCOT, ENGLAND – OCTOBER 20: Sheikh Hamed of Qatar racing collects the trophy off Queen Elizabeth II … [+]
According to Vanity Fair, it was even this Sheikh’s idea for the family to move to London. But his weakness, it seems, has always been art. His staggering personal collection of more than 6000 art and ancient works has been partially displayed at the Metropolitan Museum of Art in New York and the Victoria & Albert Museum in London.
I used to drive my mother mad,” he told Vanity Fair in January 2015, not long before the deal with Eskenazi. “When I was seven years old I would run all through the Louvre, looking at objects. When I was a few years older, I wanted to see all the fantastic Renaissance castles in France. Luckily, my mother took me.”
Eskenazi’s representatives released a statement claimed that the forensic analysis used was not accurate this summer:
“Conservation and restoration treatments, particularly the more invasive and stringent methods used until the very recent past, self-evidently interfere with an object’s surface including any weathering patterns; and are likely to introduce foreign materials to an object, whether in the form of the residue of the tools used, modern materials used in restoration, the application of aesthetic deposits, or the removal of existing patinas.”
They ultimately claimed buyer’s remorse rather than falsified provenance. Eskenazi is reportedly filing a countersuit with his own authenticity documents.
The Sheikh had purchased what he believed to be works from Bactria and Gandhara (via The National News):
- Head of a goddess with marble and garnet inlay, 2nd-3rd century CE (Late Bactrian period) from the Greater Gandhara region. $400,000.
- Head of Dionysus with marble with gemstone inlay, 2nd century Bactrian. $1,275,000.
- Serpent bracelet from Afghanistan with turquoise and garnet inlay in gold, 1st century BCE to 1st century CE. $125,000.
- Hari Hara sandstone statue from the Kingdom of Zhenla (Vietnam), late 7th century C. $2,200,000.
- Head of a Bodhisattva, 4th century CE, Gandhara. $730,000.
- The Visit of Mayadevi to the Emaciated Bodhisattva (“the Frieze”), early 3rd century CE, from Gandhara, Swabi. (undisclosed amount)
- Head of a Krodha Vighnakarta, 5th-6th century CE, Gandhara in the fifth/sixth century CE.
Certainly, Gandharan art has seen a wealth of controversy in recent years, as its origins straddle the currently war-torn regions of Afghanistan and Pakistan. Broader government efforts in the United States to repatriate objects to these home territories have called provenance into question with more attention to detail than ever.
The courts ruled in favor of Qipco and returned all £4.2 million to the buyer. Fraud was ruled out in this case, an apparent relief to the dealer and his reputation.
Sheikh Hamad had filed another London suit against Phoenix Ancient Art S.A after purchasing two allegedly fake statues for $5.2 million (3.75 million) in 2013: a statue of the Greek goddess Nike in 2013 from the 5th century AD and a bust of Alexander the Great portrayed as Heracles from at least the 1st century BC. The National News reported that Phoenix dealers agreed to exchange the two pieces for six other items amounting to a similar value, but the five replacements were held by US customs due to “an undisclosed breach of export rules”.
In a seemingly unrelated incident more than 20 years earlier, New York-based Hicham Aboutaam of Phoenix Ancient Art (today represented by Electrum as their exclusive agent) pled guilty to a US customs misdemeanor in 2004 for writing Syria instead of Iran on the forms for a $1 million silver griffon in 2000, alleged to be looted from an important cave. Aboutaam paid a $5,000 fine.
Qipco’s case was “set aside” during the pandemic, and the claim expired January 24 2020. No time extension was granted in May 2020, and they lost their appeal in April 2022.
Source: Fox Business

Mitt Romney goes after George Santos in tense exchange at State of Union

Virginia Tech meets construction milestone for Innovation Campus in Northern Virginia

Zelensky in surprise visit to UK – first since Russia invasion

2 St. Petersburg dogs playing in Puppy Bowl XIX

Hey Fellow Kids: Meta Is Revamping Horizon Worlds to Attract More Teen Users

Nissan Global Sales Plummeted By 20.7 Percent In 2022 To 3.23 Million Cars

ALEPH HOSPITALITY CONTINUES AFRICA EXPANSION WITH NEW UPSCALE HOTEL IN GHANA

Top 4 summer music festivals in Europe

Lamborghini Urus PHEV Spied Quietly Testing In Electric Mode

On this day in history, Jan. 31, 1919, Jackie Robinson is born in Georgia — baseball pioneer, WWII veteran

Jim Carrey Once Stopped ‘Daredevil’ Star Charlie Cox From Quitting Acting

China’s Belt and Road objectives are shifting

‘Bridgerton’: Colin May Inherit the Featherington Estate

2023 Grammy Awards: Carly Pearce Just Wanted to ‘Write Something Real’ With ‘Never Wanted to Be That Girl’

3 ‘Gilmore Girls’ Couples Who Had a Healthier Relationship Than Luke Danes and Lorelai Gilmore
Trending
-
News22 hours ago
Police ‘probe if Emma Pattison was killed by husband George’
-
Auto23 hours ago
Citroen CEO Says An Ideal Post-SUV World Should Have Smaller, Lighter Cars
-
Travel23 hours ago
WTTC expresses condolences to the people of Türkiye and Syria
-
Travel17 hours ago
ZeroAvia, Shell, RHIA and Rotterdam The Hague Airport advance Plans for Hydrogen-Electric Flights
-
Travel17 hours ago
Van Morrison Announces 2023 Las Vegas Run at Zappos Theater at Planet Hollywood Resort & Casino
-
Tech17 hours ago
SpaceX Falcon 9 Delivers 5-Ton Communications Satellite to Orbit
-
Tech24 hours ago
More Than a Third of All Plants and Animals in the U.S. Could Go Extinct
-
Travel16 hours ago
Maldives Named “Best Long-Haul Destination of the Year” at UK’s Food and Travel Magazine Awards