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Tuesday, 20 August 2013 18:10

Insurance Company Sues Christie’s Over Paintings Ruined in Hurricane Sandy

Gregor Piatigorsky and his wife Jacqueline. Gregor Piatigorsky and his wife Jacqueline.

AXA Art Insurance Co. has leveled a lawsuit against Christie’s over several paintings that were destroyed last October during Hurricane Sandy. The claim states that the auction house failed to secure a valuable art collection that was being kept in one of its storage facilities in Brooklyn, New York despite the ongoing warnings about the damage Hurricane Sandy was expected to bring.

Paintings worth at least $1.5 million, which once belonged to the late cellist Gregor Piatigorsky and his chess champion wife, Jacqueline, were left on the ground floor of the storage facility where they were damaged by rising flood waters. While the suit didn’t specify which works were destroyed, the Piatigorskys’ collection included paintings by Edgar Degas, Claude Monet and Chaim Soutine.

A rep for Christie’s told the New York Daily News that they have not yet been served with court papers.

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