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Black Bach's art treasures, forced to be auctioned

The day that the Swiss government begins to auction off the art treasures of Urs schwarzenbach, is set. It is the 5. December 2019.

The gallery Koller in Zurich, will foreclose on this day, in an auction on behalf of the Swiss Federal customs administration (FCA) 114 objects of art of the Hotel-the Dolder owner. The offer is wide. Under the Hammer 200'000-Swiss francs-knick-knacks of Peter Carl Fabergé, the Russian artist who is known for the Fabergé Egg is known, for example. Or pictures of world-famous artists like Robert Indiana and Andy Warhol.

cartoon enlarge

Thus, the conflict between the former foreign exchange dealer and contemporary art collector, and the FCA is escalating. You since 2013, several proceedings against the 71-Year-old, because she's accusing him that he had brought works of art to the value of over 100 million Swiss francs in Switzerland, without having to pay import taxes. Most of the procedures are still in various courts pending. However, a demand of about 11 million Swiss francs, is already legally binding.

the style of life of Tamara de Lempicka, the auction price 35’500 Fr.

This is the import tax on art treasures, the black Bach has brought between 2009 and 2013, in part, in his private jet to Switzerland without declaring it at customs. 12. September 2012, he was caught at the private airport of Zurich. The customs interrogations, he said, he would have formalities not had time for elaborate customs. The customs authority has launched a full investigation against the multi-millionaire.

In the case of several raids frames

confiscated the debt of 11 million Swiss francs is final, Urs Schwarzenbach can not defend themselves legally against the idea. Nevertheless, he makes for years terms of payment elapse.

the compass of Fabergé, the price of 49’000 Fr.

So began the FCA to demonstrate in various raids of works of art of the collector, either with an Arrest, so that you are not allowed to move black Creek. Or they took the hardware. The last action took place in March 2017, the authority graced the Dolder Grand Hotel on the zürichberg, pictures, and art objects worth a total of over 50 million Swiss francs confiscated.

But also the Urs Schwarzenbach brought not to the orders for Payment of the customs administration comply with it. Until today, he takes the position that he owed the money. In addition, he suggested that works of art belonged not to him, he just. Who is the ominous owner, he did not give so far, but the price.

Robert Indiana, "Chief", the price of 79'500 Fr.

Now, the customs authority is ripped thread, apparently, the patience. The auction begins now, in a first step, a part of the confiscated art treasures to make money. The 114 works of art, the 5. December will be auctioned, the auction house at a minimum price of a total of 2.8 million francs. The proceeds from the forced sale is likely to be considerably higher, since it is assumed that the valuable art treasures, a large number of potential buyers will be tightening, which is likely to drive the prices high. The auction does not bring in enough, the customs administration still has many other works, of black Creek, you can make money. Or a latching shares package, owned by the multi millionaire.

A compass for 200'000 Swiss francs

Among the works of art 17 images, including the work of the "Chief" of the American artist Robert Indiana are listed at the beginning of the price of 79500 francs. In addition, there are 97 knick-knacks, pieces of jewelry and other smaller objects. For example, 27 the value of ornate walking sticks, each with a value of several Thousand francs; a compass from nephrite, sapphire and Gold for a price of 200'500 Swiss francs; a Renaissance piece of jewelry made of Gold with a large green emerald for 80'000 Swiss francs, or a gold box from the possession of king Ludwig I. of Bavaria from 1825. Minimum price at the auction: 21'000 Swiss francs.

chalcedony Pig Fabergé, price of 27'000 Fr.

The gallery Koller earned at the auction for each plant is between 15 to 25 percent Commission. The Rest is for the eradication of black-and Bach's debt to the Treasury. The Federal customs administration indicates in a statement to the auction explicitly that the event could be cancelled on short notice. Art collector schwarzbach has thus still to 5. December time to pay the outstanding invoice in the customs administration.

The Patron of the hotel, Dolder is on request to tell you that he was by no means agreeable to the customs administration put its art treasures auction. Currently, his lawyers would consider legal action to prevent the forced sale yet. So far, but was still not filed a complaint. The FCA in Bern does not want to comment.

Created: 08.11.2019, 21:29 PM

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