Lord Colin Renfrew has offered a comment on the Sevso hoard in the Art Newspaper. He revisits the multi-claimant scramble of a lawsuit which saw three nations attempting to wrest control of the hoard from the investment trust; and we learn perhaps why Hungary only purchased a portion of the silver:
Through his lawyer, Peter Mimpriss of Allen and Overy, Wilson was able to interest the Marquess of Northampton in the silver as a proposition for investment, and by 1987, the Marquess of Northampton 1987 Settlement Trust was the sole owner of what by then was a collection of 14 pieces of impressive Roman silverware. The plan for Sotheby’s to sell the silver by auction in Switzerland in 1990 was halted by the seizure of the treasure on a publicity tour to New York, when Lebanon, and then Hungary and Croatia, laid claim to it in the New York State Supreme Court. The court did not find in favour of either Hungary or Croatia, Lebanon having withdrawn its claim, and the treasure was returned to London to the custody of the Marquess of Northampton.
It is important to note that the judge did not rule that the marquess was the legal owner, simply that neither Hungary nor Croatia had demonstrated good title. Not surprisingly, the Marquess of Northampton was disappointed by the sale fiasco of his investment, and (with a new lawyer) sued Mimpriss and Allen and Overy, winning a settlement—reportedly of £24m—in 2000.
In November 2006, the 14 pieces of silver (and the copper container in which they were found) were placed on display at Bonhams auction house for an invited audience. Then the scene went quiet, until the announcement in late March by Victor Orbán, Hungary’s prime minister, that seven pieces of the treasure had been successfully repatriated (at a cost of €15m) and put on public display.
The vendors, who are €15m better off, did not include the Marquess of Northampton; the silver was instead sold by a trust. Its beneficiaries are the two sons of the late Peter Wilson, who made the initial, ill-fated purchase in 1980. Ludovic de Walden, the current lawyer of the marquess, indicated last week that the marquess is still the owner of the remaining seven pieces.
- Colin Renfrew, Shame still hangs over the Sevso hoard The Art Newspaper (2014), http://www.theartnewspaper.com/articles/Shame-still-hangs-over-the-Sevso-hoard/32545 (last visited Apr 29, 2014).