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For Immediate Release

Contact:
February 02, 2011 Cynthia Bridges, U.S. Marshals Service (202) 305-9924;
Bob Sheehan, Gaston & Sheehan Auctioneers (512) 251-2780  www.txauction.com
U.S. Marshals to Auction Art that Belonged to Convicted Fraudster Marc Dreier

WASHINGTON – Works of art once belonging to convicted fraudster Marc Dreier will be sold online by Gaston & Sheehan Auctioneers in a U.S. Marshals Service Web auction Feb. 8-22. Online bidding will take place on the Web at www.txauction.com.

Among the 82 lots of art to be auctioned are pieces by John Baldessari, Richard Ehrlich, David Hockney, Soo Jung Park, Robert Rauschenberg, Wayne Thiebaud and Thomas Wrede. Dreier pleaded guilty in New York on May 11, 2009, to federal charges of fraud and money laundering and is serving time in federal prison. The pieces up for auction, from central California, have been forfeited to the government as restitution for Dreier’s crimes. Proceeds generated from the auction will be used to compensate victims.

Painting entitled “Carousel,” by Shirley Irons Painting entitled “Facing West,” by Astrid Preston

“Carousel,” by Shirley Irons

“Facing West,” by Astrid Preston

The U.S. Marshals Service is responsible for managing and selling seized and forfeited properties acquired by criminals through illegal activities. Proceeds generated from asset sales are used to compensate victims, supplement funding for law enforcement initiatives and support community programs. As part of the Department of Justice’s Asset Forfeiture Program, the Marshals currently manage more than 18,000 assets with a value of $3.9 billion.

Additional information about the U.S. Marshals Service can be found at http://www.usmarshals.gov

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America’s Oldest Federal Law Enforcement Agency