Ace Gallery Founder Sentenced to Two Years for Embezzlement

Doug Chrismas, a once-prominent figure in Los Angeles' contemporary art scene, has been sentenced to two years in federal prison for embezzling funds from Ace Gallery's bankruptcy estate. Convicted on three counts, Chrismas diverted $264,000—part of what prosecutors estimate to be over $14 million in misappropriated funds.

The 80-year-old gallerist, known for representing artists like Robert Irwin and Donald Judd, has faced a legacy of lawsuits and financial controversies since the 1970s. Bankruptcy trustee Sam Leslie said the embezzled funds could have resolved claims for creditors and artists, some of whom are still owed millions.

Despite his conviction, Chrismas retains support from loyal collectors, who credit him with shaping Los Angeles’ art scene. However, U.S. Judge Robert Kwan noted the "great intangible harm" caused to the bankruptcy system and the prolonged impact on creditors.

Chrismas is set to begin his sentence on February 17, marking a fall from grace for one of LA's most polarizing art dealers.

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