Skip to main content
  • Editions
    • International
    • China
    • France
    • India
    • Australia
    • United Kingdom
    • Hong Kong
    • Canada
    • Brazil
    • Germany
    • Russia
  • Magazines
    • Art+Auction

      Modern Painters

  • Blogs
  • Videos
  • Photo Galleries
  • Blouin Art Sales Index
  • Gallery Guide
  • Art Sites
  • Boutique
  • Log in

    Not a member?

    Sign up

    Log in

    |Forgot your password?
    OR
    Sign up
  • Sign up
Home
  • Visual Arts
    • Visual Arts Home
    • Contemporary Art
    • Old Masters/Renaissance
    • Impressionism & Modern Art
    • Ancient Arts & Antiques
    • Traditional Arts
    • Museums
    • Reviews
    • Columnists
    • Features
  • Performing Arts
    • Performing Arts Home
    • Film
    • Music
    • Theater & Dance
  • Architecture & Design
    • Architecture & Design Home
    • Design
    • Architecture
  • Artists
  • ART PRICES
  • Market News
    • Market News Home
    • Art Fairs
    • Auctions
    • Collecting
    • Galleries
    • Databank
    • Art & Crime
    • ART PRICES
    • Columnists
  • Style & Society
    • Style Home
    • ART Parties/Scene
    • Fashion
    • Food & Wine
    • Jewelry & Watches
    • Autos & Boats
  • Events
  • Travel
  • Blogs
  • Videos
  • Slideshows
  • Newsletter Sign Up
  • Homepage RSS
  • facebook
  • twitter
  • foursquare
  • tumblr

Search form

International Edition
May 23, 2012 Last Updated: 2:55:PM EDT

JPMorgan Chase Claims Rights to Rijksmuseum-Owned Painting

Undefined
  • Email
  • Print
  • Save
  • Tweet
  • Pin It

JPMorgan Chase Claims Rights to Rijksmuseum-Owned Painting

Published: April 17, 2009

As the poor economy continues to severely impact the museum industry, several institutions find themselves in unprecedented positions. Most recently, JPMorgan Chase has claimed the rights to Gerrit Adriaensz Berckheyde's De bocht van de Herengracht (c. 1672), a painting currently owned by Amsterdam's famed Rijksmuseum. 

Previous to the Rijksmuseum's acquisition of the work, the 17th-century painting was owned by Dutch businessman Louis Reijtenbagh, according to the Dutch newspaper NRC Handelsblad. However, the painting, along with the rest of Reijtenbagh's collection, was used as collateral in order to acquire a $50 million loan from JPMorgan in 2006. Reijtenbagh has since defaulted on his loan, and the New York–based bank is claiming the rights to the work, although the Rijksmuseum purchased it in 2008. Taco Dibbits, the director of collections at the Rijksmuseum, said that no legal proceeding pertaining to the Berckheyde masterpiece has been set, while insisting that the Rijksmuseum acquired the work in an appropriate fashion: "What we do know is that we bought the painting in September and that it is the property of the state of the Netherlands. There can be no doubt in our mind that the purchase followed all the procedures. It has been paid in full and there is a sales contract."

The Berckheyde is currently on loan to the National Gallery in Washington, D.C., through May 3 in conjunction with the exhibition "Pride of Place: Dutch Cityscapes of the Golden Age." It is uncertain if the work will be returned to Amsterdam following the conclusion of the show, pending the establishment of a court hearing in New York.

Like what you see?

Sign up for our DAILY NEWSLETTER and get our best stories delivered to your inbox.

Go to top ↑
Array
Share:
  • Tweet
  • Email to a Friend

Comments

0 Comments
+ Add Yours
Log in or register to post comments
Oldest first Newest first

Most Popular

Viral Fashion: How the Facebook Wedding Dress Turned Priscilla Chan Into an Unlikely Style Star
The ARTINFO Bookshelf: 40 Books That Every Artist Should Own, Part II
K8 Hardy Ripped Fashion a New One at Her Riotous Whitney Biennial Runway Show
"When You Interrupt Us, You Have to Deal With Us": Murray Moss Invites You to Intrude at His Midtown Lab
Reagan's Blood, Bieber's Hair, Ally McBeal's PJs: 10 Freakish Items From PFCAuctions's Current Online Sale
The ARTINFO Bookshelf: 40 Books That Every Artist Should Own, Part I
Are We in an Anish Kapoor Bubble? Two Barbara Gladstone Shows Point to the Affirmative

Popular on Social Media

  • "I Don't Like the Term Installation": Daniel Buren on His Grand Palais-Filling Monumenta Show
  • Is Antony Gormley Plotting His Own Foundation in Norfolk?
  • Garage Sale at 11 West 53rd Street! MoMA Curator Sabine Breitwieser on Crowdsourcing Junk for Martha Rosler
  • What If Your Prized Painting Turns Out to Be Nazi Loot? The Niche Market for Art Title Insurance
  • Sale of the Week, May 27-June 2: Christie's Week-Long Hong Kong Auctions Cater to Every Taste
  • Allen Jones, Table (detail), 1969
    Allen Jones's Soft Porn Sculptures Spice Up Sotheby's Gunter Sachs Evening Sale, but Warhol Dominates
  • "When You Interrupt Us, You Have to Deal With Us": Murray Moss Invites You to Intrude at His Midtown Lab
  • K8 Hardy Ripped Fashion a New One at Her Riotous Whitney Biennial Runway Show
  • Viral Fashion: How the Facebook Wedding Dress Turned Priscilla Chan Into an Unlikely Style Star
  • Bonhams Australia Present Six Auctions of Amazing Art and Antiques from May 27 to 29

GO TO:

Home page

Editorial

  • Visual Arts
  • Performing Arts
  • Architecture & Design
  • Artists
  • ART PRICES
  • Market News
  • Style & Society
  • Events
  • Travel
  • Blogs
  • Videos
  • Slideshows

Products

  • Magazines
  • Gallery Guide
  • Blouin Art Sales Index
  • Somogy
  • Art Sites
  • Art Jobs

Louise Blouin Media

  • About Us
  • Subscriptions
  • Advertise
  • Contact Us
  • Louise Blouin Foundation
  • RSS
Copyright © 2012 All rights reserved. Use of the site constitutes agreement with our Privacy Policy and User Agreement.