Close Menu
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds

Subscribe to Updates

Get the latest markets and assets news and updates directly to your inbox.

Trending Now

Comment | Fine balance: fairs up the exclusivity while appealing to younger clients – The Art Newspaper

December 6, 2025

‘Drastic turmoil and change’: Tokyo show explores Japan’s post-war society through its art – The Art Newspaper

December 6, 2025

Driving in Van Gogh’s footsteps: the 1907 book that imagined a dream art pilgrimage – The Art Newspaper

December 6, 2025
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
The Asset ObserverThe Asset Observer
Newsletter
LIVE MARKET DATA
  • News
  • Stocks
  • Bonds
  • Commodities
  • Collectables
    • Art
    • Classic Cars
    • Whiskey
    • Wine
  • Trading
  • Alternative Investment
  • Markets
  • More
    • Economy
    • Money
    • Business
    • Personal Finance
    • Investing
    • Financial Planning
    • ETFs
    • Equities
    • Funds
The Asset ObserverThe Asset Observer
Home»Art Market
Art Market

Hauser & Wirth charged with breaching UK’s Russia sanctions – The Art Newspaper

News RoomBy News RoomNovember 13, 2025
Share
Facebook Twitter LinkedIn Pinterest Email

Hauser & Wirth gallery is being prosecuted in the UK for breaching Russian sanctions by allegedly making available a work by George Condo to a person connected with Russia.

As first reported in the Times, Condo’s Escape from Humanity (2021) was allegedly made available to the collector, named in the Times as Alexander Popov, sometime between 14 April 14 and 31 December 2022. This is several months after the UK’s department for international trade imposed a ban on the export of luxury goods worth more than £250 to Russia, in response to Russia’s invasion of Ukraine.

Popov, who runs a prominent art foundation with his wife, is not under UK sanctions and is not accused of any wrongdoing.

A spokesperson for HM Revenue & Customs confirmed to The Art Newspaper that it had launched the investigation that led to the prosecution, believed to be the first under the law banning the supply of luxury goods to Russia.

Hauser & Wirth “strongly contests” the charge and “intends to plead not guilty”, a spokeswoman for the UK gallery says. She adds: “Our UK gallery has been charged with one instance of making an item of artwork available to a non-sanctioned person connected with Russia. We are fully committed to complying with all our legal obligations including sanctions. As the case is ongoing, we are unable to comment further.”

The prosecution comes after it was announced last week that Condo had left Hauser & Wirth, returning to Skarstedt Gallery who represented him from 2004 to 2019. Condo also continues to be represented by Sprüth Magers, who have worked with the artist since the 1980s.

The Hauser & Wirth spokeswoman says Condo’s “decision [to leave] is not connected to the case”.

The London-based art shipping company, Artay Rauchwerger Solomons (formerly Art Logistics Limited), is also accused of breaching the ban on the supply of luxury items between August and December 2022. The company was placed in voluntary liquidation last year.

Anyone convicted of breaching the regulations can face up to six months in prison and an unlimited fine. The case, which was first heard at Westminster Magistrates’ Court yesterday, was adjourned for a pre-trial hearing at Southwark Crown Court on 16 December.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Keep Reading

Comment | Fine balance: fairs up the exclusivity while appealing to younger clients – The Art Newspaper

‘Drastic turmoil and change’: Tokyo show explores Japan’s post-war society through its art – The Art Newspaper

Driving in Van Gogh’s footsteps: the 1907 book that imagined a dream art pilgrimage – The Art Newspaper

‘Myths and realities of our everyday’: comprehensive book marks Susan Ressler’s 50-year career – The Art Newspaper

Hauser & Wirth will expand gallery empire to Italian city of Palermo – The Art Newspaper

Venice Biennale 2026: all the national pavilions, artists and curators so far – The Art Newspaper

Miniature self-portrait by Frida Kahlo turns heads at Art Basel Miami Beach – The Art Newspaper

‘I think of immersion as a state of perception’: Lawrence Lek on his exhibition at the Bass Museum of Art in Miami Beach – The Art Newspaper

Persian miniatures and mermaids: Hiba Schahbaz’s garden of delights at the Museum of Contemporary Art North Miami – The Art Newspaper

Recent Posts
  • Comment | Fine balance: fairs up the exclusivity while appealing to younger clients – The Art Newspaper
  • ‘Drastic turmoil and change’: Tokyo show explores Japan’s post-war society through its art – The Art Newspaper
  • Driving in Van Gogh’s footsteps: the 1907 book that imagined a dream art pilgrimage – The Art Newspaper
  • The Fed’s biggest decision this week could have nothing to do with interest rates
  • ‘Myths and realities of our everyday’: comprehensive book marks Susan Ressler’s 50-year career – The Art Newspaper

Subscribe to Newsletter

Get the latest markets and assets news and updates directly to your inbox.

Editors Picks

‘Drastic turmoil and change’: Tokyo show explores Japan’s post-war society through its art – The Art Newspaper

December 6, 2025

Driving in Van Gogh’s footsteps: the 1907 book that imagined a dream art pilgrimage – The Art Newspaper

December 6, 2025

The Fed’s biggest decision this week could have nothing to do with interest rates

December 6, 2025

‘Myths and realities of our everyday’: comprehensive book marks Susan Ressler’s 50-year career – The Art Newspaper

December 6, 2025

Hauser & Wirth will expand gallery empire to Italian city of Palermo – The Art Newspaper

December 6, 2025
Facebook X (Twitter) Instagram
© 2025 The Asset Observer. All Rights Reserved.
  • Privacy Policy
  • Terms
  • Press Release
  • Advertise
  • Contact

Type above and press Enter to search. Press Esc to cancel.