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Day in the Life: Auction Veteran Simon de Pury Chats Up Old Friends at Art Basel and Shows Us Some of Its Many Delights

We sent our friend Simon de Pury to Art Basel to give us a lay of the land and to offer a peek into what's on offer.

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We Went Behind the Scenes With the Art Dealers Looking to Make Millions in Monaco, the Elite City-State Smaller Than Central Park

We Went Behind the Scenes With the Art Dealers Looking to Make Millions in Monaco, the Elite City-State Smaller Than Central Park
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Why Is the Art World Raving About Monaco? Simon de Pury Makes the Case for Why His Home Turf Is a Must-Know Industry Destination

Photo by Simon de Pury. Every month in The Hammer, art-industry veteran Simon de Pury lifts the curtain on his life as the ultimate art-world insider, his brushes with celebrity, and his invaluable insight into the inner workings of the art market. Monaco is becoming a key destination for art lovers. This summer a big Giacometti retrospective will continue the strong exhibition program of the Forum Grimaldi. Under the patronage of Princess Caroline of Hanover, who is a formidable champion for culture in the principality, interesting exhibitions regularly take place at the Villa Sauber and Villa Paloma, which are part of the Nouveau Musée National de Monaco.

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Trump Pardons Art Dealer Helly Nahmad, Convicted of Running a Gambling Ring Out of Trump Tower, in a Final Presidntial Act

Helly Nahmad in front of a Picasso painting. Photo courtesy of Helly Nahmad Gallery. In an 11th-hour act, President Donald Trump has pardoned art dealer Helly Nahmad, who was sentenced in 2014 to a year and a day in prison after pleading guilty to a single federal gambling charge. Nahmad, a member of the Nahmad family dynasty and the son of art collector David Nahmad, was caught co-organizing an illegal gambling ring worth $100 million out of Trump Tower in New York. He owns the entirety of the building’s 51st floor, which reportedly cost a collective $21 million. “President Trump granted a full pardon to Hillel Nahmad,” the White House said in a statement. “This pardon is supported by members of his community. Mr. Nahmad was convicted of a sports gambling offense. Since his conviction, he has lived an exemplary life and has been dedicated to the well-being of his community.”

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New York art dealer Helly Nahmad pardoned by Trump

Helly Nahmad leaves court in 2014 © AP Photo/ Louis Lanzano The New York-based dealer Hillel Nahmad, known as Helly Nahmad, received a pardon yesterday from President Trump in his final hours in office. In April 2014, Nahmad was sentenced to a year and a day in prison after pleading guilty to a federal gambling charge; he was released from prison after serving five months. Helly Nahmad, who reportedly spent over $21m buying the entire 51st floor of Trump Tower in New York, was one of several suspects accused of playing a leadership role in a $100m gambling and money laundering network. His Upper East Side gallery was raided and charges were brought against him and 33 associates. Nahmad, who was initially charged with racketeering, money laundering, conspiracy and other crimes, pleaded guilty to a single charge of operating a gambling business.

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