In a dramatic turn of events, Douglas Chrismas, the former revered founder of Ace Gallery in Los Angeles, has been found guilty of embezzlement, concluding a lengthy saga of controversy. The verdict, delivered on Friday, symbolizes the downfall of Chrismas, once a prominent figure in the art world.
Chrismas, now 80, was accused of embezzling over $260,000 from Ace Gallery's bankruptcy estate, diverting funds to the Ace Museum, a nonprofit he controlled. This latest legal battle adds to a history of accusations dating back to the 1970s, despite Chrismas representing influential artists like Richard Serra and Ed Ruscha.
Allegations against Chrismas include the disappearance of artworks and the loss of millions in entrusted art. His legal troubles intensified with an FBI arrest in 2021. Despite evading consequences in the past, a federal court ordered him to pay $14.2 million in a 2022 bankruptcy case.
During the trial, prosecutors depicted Chrismas as sacrificing integrity for personal gain, portraying the Ace Museum as a front for his ambitions. His defense argued insufficient evidence, claiming he had the authority to allocate funds.
The guilty verdict underscores the dangers of unchecked power and ethical lapses in pursuit of success. As Chrismas awaits sentencing, the art community contemplates the legacy of a once-respected figure now marred by scandal.
Selena Mattei