Business World

Shoe-Queen Imelda owned art too and her country wants it back

- Nympheas, Le Bassin aux La Seine a Vetheuil; L’Eglise et Langland Bay, Algerian View.

HEAR THE name Imelda Marcos and everyone, of course, thinks shoes. But, it turns out, the former first lady of the Philippine­s had a thing for fine art too and amassed a collection of paintings worth millions of dollars.

There were Monets and a Sisley, and for years they hung in an Upper East Side townhouse owned by the Philippine­s and a 5th Ave. apartment across the street from St. Patrick’s Cathedral in New York City. Today, they sit in a high-security, climatecon­trolled warehouse in Brooklyn’s Red Hook section, the focus of a contentiou­s legal battle raging across multiple New York courts to determine ownership of the artwork.

Three parties are vying for the assets. The current Philippine government and a group representi­ng some 10,000 victims of Ferdinand Marcos’s brutal regime both insist they are entitled to the paintings and $15 million in cash found in the US. Mrs. Marcos’s former assistant, who says the first lady gave her paintings as a birthday gift, is also seeking some of the assets. A federal trial in Manhattan could begin later this year.

The paintings, including Old Masters and Impression­ist works, represent a fraction of the $10 billion in assets that the late Mr. Marcos and his wife were accused of plundering from the country’s treasury during his presidency from 1965 to 1986. In the hours after he was toppled, the art disappeare­d from their Manhattan townhouse so swiftly that all that remained were bare walls and the paintings’ name plates, according to the Philippine­s government. Works by Picasso, Renoir, Rembrandt and Cezanne have never been found.

IMELDA ACQUITTAL

Ferdinand Marcos died in 1989 in Hawaii and, a few months later, Mr. Marcos dodged legal charges. In 1990, a Manhattan federal jury acquitted her of stealing more than $200 million from the country’s treasury and investing the money in jewels, art, and four pieces of Manhattan real estate. Her defense argued that she didn’t know the money had been obtained illegally.

The whereabout­s of the art and other assets had remained a mystery for decades, eluding a search begun in 1986 by the new Philippine­s government’s Presidenti­al Commission on Good Government.

The crack came in 2011, when Manhattan District Attorney Cyrus Vance, Jr. seized 50 Marcos paintings that he said had been hidden in Manhattan and Long Island homes owned by Vilma Bautista, the former aide to Imelda Marcos.

Bautista was convicted in 2013 for tax fraud relating to her $32-million sale of one of Claude Monet’s Water Lilies series,

and attempting to sell other Impression­ist works belonging to Imelda Marcos. The 1899 Water Lily painting is now owned by British hedge-fund manager Alan Howard, who paid the victims’ group $10 million to foreclose legal challenges.

NOTABLE ARTWORK

Other notable artwork in storage includes another Monet,

an 1887 seascape by Alfred Sisley called and an Albert Marquet painting in 1946 entitled

Bautista, sentenced to as much as six years in prison, is free appealing her conviction. Her lawyer, J. Roberto Cardenas, didn’t return a voicemail message seeking comment.

When the victims of Marcos’s dictatorsh­ip heard about Bautista’s cache, they sued in New York state court in 2012 to seize control of her art and funds. The victims had already obtained a $2-billion judgment against the couple and their assets in a federal court in Hawaii for human rights violations.

“We have a judgment and we have a right to claim that property as much as Imelda Marcos,” said Robert Swift, a Philadelph­ia lawyer who has represente­d the victims for years. “My opponent represents the republic and they are the perpetrato­r of the abuses against my clients.”

POLITICAL CHANGES

The Philippine­s government filed a claim for the art in 2014, arguing the republic is also a victim of the Marcos regime and the rightful owner of property Imelda Marcos purchased with money plundered from its coffers. The relatively small number of victims shouldn’t be allowed to get priority ahead of the full country, which has never been compensate­d, said Kenneth C. Murphy, a New York lawyer representi­ng the Philippine­s.

“In the 1970s, tens of millions of dollars in secret Swiss bank accounts were used to obtain that art,” Mr. Murphy said. “It should go back to the Philippine­s so they can decide how to distribute the proceeds.”

In the latest twist, in late November, the parties began fighting over which court should decide ownership of the art and funds. The victims’ group says a state judge should make the determinat­ion while the Philippine government says a federal judge in Manhattan has the authority. A federal appeals court in New York is considerin­g the issue.

Time may be running out for those who toppled the Marcos regime. In the decades since the dictator was unseated, the Philippine­s’ political environmen­t has changed dramatical­ly. In November, Ferdinand Marcos was given a hero’s burial at a national cemetery there as the country’s new President, Rodrigo Duterte, urged citizens to accept the tribute.

The Marcos family, which returned to the Philippine­s from exile in 1991, has also seen a change in fortune. Imelda Marcos is now a member of the nation’s House of Representa­tives while her son, Ferdinand Marcos, Jr., almost won the vice-presidency. A daughter, Imee, is the governor of a northern province. —

Newspapers in English

Newspapers from Philippines