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Kinkade's Art Firm Loses Court Battle

'Painter of light' must pay two 'duped' gallery owners $2.1M

By Rob Quinn,  Newser Staff

Posted Jun 18, 2009 7:31 AM CDT

(Newser) – Hugely popular painter Thomas Kinkade claims God is his art agent, but a federal appeals court has ruled against his company for putting art gallery owners through financial hell, the San Francisco Chronicle reports. The plaintiffs accused Kinkade and his firm of exploiting their Christian faith to lure them into a scheme that made profits for the painter while draining their life's savings.

The gallery owners say Kinkade and other execs hoodwinked them and many others into investing in the company without telling them they would have to sell Kinkade's artworks at minimum price—and then undercut them with discount sales in an effort to lower the value of the artist's publicly traded firm before he took it private. The appeals panel, overturning an earlier decision, awarded the two gallery owners $2.1 million.

Christmas in New York by Thomas Kinkade.
"Christmas in New York" by Thomas Kinkade.   (PRNewsFoto/The Thomas Kinkade Company)
Thomas Kinkade is famed for his paintings of Americana, often with religious overtones.
Thomas Kinkade is famed for his paintings of Americana, often with religious overtones.   (Wikipedia)
Indy Excitement, by Thomas Kinkade.
"Indy Excitement," by Thomas Kinkade.   (PRNewsFoto/The Thomas Kinkade Company)
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COMMENTS
Showing 3 of 7 comments
kanireally
Jun 15, 2010 10:11 PM CDT
Thomas Concaide. Painter of Shite.
NoddaAndYou
Jun 15, 2010 10:01 PM CDT
We did a bid for Thomas Kinkade's website a few years ago, but alas we were underbid by the atrocity you see there now. Real cool guy, very chill, and amicable.
So_Cal_Larry
Jun 19, 2009 6:29 AM CDT
This Kinkade guy has been a crook for a very long time. He became wealthy while his companies were drained and bankrupted. He is one of the more shocking Christians around. If people knew how his art is created, they would not spend ten cents on anything of his.

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