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Category Archives: Litigation Issues

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“Blatant Misappropriation”: Terry Gilliam Sued for Alleged Use of Street Mural in His New Film

Posted in Litigation Issues

On August 12, 2014, a trio of street artists filed a lawsuit in federal court against film director (and Monty Python actor) Terry Gilliam for allegedly plagiarizing their mural in his latest movie, The Zero Theorem. The mural, or “Copyrighted Artwork,” was painted collaboratively by the artists in 2010, in the zona de graffiti on… Continue Reading

‘Save the Corcoran Coalition’ Files Complaint and Petition to Intervene

Posted in Litigation Issues

On July 2, 2014, the Save the Corcoran Coalition, a Washington D.C. non-profit corporation, filed a complaint and petition to intervene in the cy près proceeding of the Trustees of the Corcoran Gallery of Art. The complaint alleges that the Trustees breached their fiduciary duties, mismanaged fundraising efforts, wasted assets, and made misleading representations in support of… Continue Reading

New Expert Appraisal Reveals That The Detroit Institute Of Arts’ World-Class Collection Could Be Worth In The Multi-Billions

Posted in Art Valuation, Litigation Issues

Having grown up in Michigan as a young child, I fondly recall a number of visits I made to the Detroit Institute of Arts (DIA) as well as to the Toledo Museum of Art (TMA) with my family.  I felt so fortunate to live in relatively close proximity to such two world-class art institutions in the… Continue Reading

Guggenheim Heirs’ Latest Claims Rejected By Paris Tribunal In Long-Running Dispute Over Art Collection and Venetian Palazzo

Posted in Litigation Issues

As reported in yesterday’s New York Times and other online sources, a Paris tribunal on July 2 held that the Solomon R. Guggenheim Foundation is permitted to display art as it sees fit in the Venetian palazzo, the Palazzo Venier dei Leoni, bequeathed to it along with a vast art collection by the affluent expatriate… Continue Reading

Federal Prosecutors Declare Indicted Art Dealer and Co-Conspirators Modern Masters of Forgery and Deceit

Posted in Litigation Issues

As reported in this recent article, in an alleged scheme that spanned for nearly 20 years involving a number of New York art galleries, a Spanish art dealer and his associates made in excess of $33 million by peddling forged modern art works through galleries to unsuspecting affluent buyers who paid in the millions of… Continue Reading

Update – Sotheby’s Fetches $13M USD for Esmerian Collection of Folk Art

Posted in Art Finance, Art Valuation, Litigation Issues, Uncategorized, Valuation

Last month, Sotheby’s sold the art collection of former jeweler to the stars, art collector and former chairman of the Folk Art Museum in New York City, Ralph O. Esmerian.  Fetching $13M USD, the sale has been reported to be the highest for any American folk art collection.  As reported in a previous blog post, Esmerian… Continue Reading

Art of War: Asher Edelman Brings Suit Seeking Over $200 Million in Damages for Alleged Art Fraud

Posted in Art Finance, Art Recovery/Theft, Litigation Issues

The well-known art collector and financier Asher Edelman has instituted a lawsuit in Manhattan claiming that his firm, ArtAssure, was fleeced of over $200 million arising out of an allegedlly fraudulent art transaction. ArtAssure claims that it was fraudulently induced by the Swiss firm Artmentum to believe that Japan’s Hiroshima Art Museum was trying to sell approximately $400… Continue Reading

Update – Metropolitan Museum of Art Prevails on Entry Fee Dispute

Posted in Litigation Issues

As reported in my previous post regarding the Metropolitan Museum of Art, there has been recent litigation over the Met’s ”suggested” $25 admission fee, which many characterize as exorbitant and violative of the 1893 Act which permitted the museum to operate rent free under certain conditions including a primarily free admission policy.  In a recent ruling as reported by Bloomber News,… Continue Reading

Austrian Restitution Law Opens the Door to Return of Valuable Gustav Klimt Work

Posted in Art Recovery/Theft, Art Valuation, Litigation Issues, Valuation

In 2009 the restitution laws of Austria were amended to include works of art that were sold to the government at a discount due to an export ban on art.  In a recent case involving a valuable frieze inspired by Beethoven’s Ninth Symphony that was crafted by Gustav Klimt in 1902, a panel of art… Continue Reading

Update – Detroit’s Bankruptcy News and the Future of the DIA’s Art Collection

Posted in Art Valuation, Litigation Issues

As a follow-up to my previous post regarding Detroit, many of you may have heard by now that the city filed for bankruptcy in mid-July.  In recent weeks, there is more controversy over Detroit’s bankruptcy filing, which endangers the renowned art collection housed at the Detroit Institute of Arts (DIA).  The art world has been in a tizzy since news… Continue Reading

Chris Brown’s Goblin Art Update

Posted in Litigation Issues

As a follow-up to the Chris Brown suburban street art saga, according to recent reports the goblins have been removed not because Brown lost his legal battle but because the singer is looking to sell his Hollywood Hills mansion.   

Prominent Manhattan Art Galleries Deceived by New York Art Dealer Accused of Selling Forged Art Works by Acclaimed Artists

Posted in Litigation Issues

A New York art dealer was recently indicted by a federal grand jury on July 17, 2013 on numerous charges, including the sale of 63 works of forged paintings from 1994 to 2009 that the art dealer knew were forged, and false statements that were made regarding the authenticity and provenance of the paintings, as… Continue Reading

THE METROPOLITAN MUSEUM OF ART UNDER FIRE AGAIN FOR ADMISSION FEES

Posted in Litigation Issues

In a recent lawsuit, several museum goers, which include foreign tourists, have challenged the Metropolitan Museum of Art’s “recommended” admission fee of $25 stating that the admission policy is deceptive and that most visitors do not understand that there is a “pay-as-you-wish (but-you-must-pay-something)” policy for admission to the museum. The Met, which is located at 82nd… Continue Reading

DISPUTABLE DALÍ SCULPTURES CONTINUE TO FLOOD ART AUCTION MARKET

Posted in Litigation Issues

A recent ARTnews investigative article highlights the ongoing legal actions and moral suasion initiated by the well-heeled Gala-Salvador Dalí Foundation in an attempt to gain control of a prominent late artist’s legacy.  For many years now, as reported by ARTnews, the Foundation has attempted to police a "murky backwater" of the Salvador Dalí oeuvre:  "the production and sale of sculptures that were commissioned… Continue Reading

AUTHENTICATION EXPERTS’ FEAR OF LITIGATION STYMIES ART MARKET

Posted in Litigation Issues

With authentication lawsuits becoming more prevalent than ever in recent years, there has been a trend of artist foundations either substantially increasing their liability insurance or entirely dissolving their authentication boards or committees.  The late artist Richard Diebenkorn’s 1971 abstract painting "Ocean Park #48" was sold at a Christie’s auction earlier this month for a… Continue Reading

Shattered Nigerian Artifact Lawsuit

Posted in Litigation Issues

A collector is suing Art + Auction magazine for allegedly shattering her 2,630-year-old Nigerian terracotta sculpture during a May 2011 photo shoot at her Tribeca residence.  According to this article, the collector, Corice Arman says that "they were setting up the shoot and…[she] heard this enormous crash."  The work was appraised after the accident at $300,000… Continue Reading

Battle for the Barnes Continues

Posted in Litigation Issues

According to this article, discussion related to the Barnes Foundation art collection reopened on Monday.  A petition was filed in Montgomery County Orphan’s Court on February 17, 2011 to stop the transfer of the art from its current Lower Merion location to Philadelphia, which is scheduled to be completed next Spring.   The petition was… Continue Reading