One of the more interesting ongoing sagas related to the art world is that of Huguette Clark.
Clark is the 104-year-old mining heiress who has lived in a New York hospital for the past 20 years. She has a $500 million fortune according to the Wall Street Journal. Almost all of her finances are being managed by her lawyer and accountant, who are under attack by the Manhattan District Attorney’s Elder Abuse Unit. The DA alleges that lawyer Wallace Bock and accountant Irving Kamsler are improperly managing her $500 million fortune.
On Thursday, Judge Laura Visitacion-Lewis of the New York County Court said the bid by Clark’s relatives to have her declared incapacitated purportedly had procedural deficiencies in its court filing specifically because of “its hearsay, conclusory and speculative assertions of incapacity.”
Some of those assertions by Clark’s three relatives had been based on stories that appeared in The Post and MSNBC.com detailing Bock and Kamsler’s handling of the heiress and her wealth.