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Monday, 26 August 2013 18:27

New York Gallery Sues Seattle Gallery Over Damaged de Kooning Painting

Detail of Willem de Kooning's 'Untitled IV,' 1982. Detail of Willem de Kooning's 'Untitled IV,' 1982. Pace Gallery

Michael Altman Fine Art in New York is suing Pace Gallery in Seattle over a damaged painting by Willem de Kooning worth $6.4 million. Michael Altman Fine Art had purchased Untitled IV from Pace last December. The Abstract Expressionist canvas was later sent to a prospective buyer in Dallas who upon receiving the painting discovered a horizontal mark where packing materials had been adhered directly to the canvas. James Sowell, a Dallas-based real estate developer, turned down the painting after seeing the damage.

In a case filed in Manhattan Supreme Court, Michael Altman Fine Art claimed that Pace failed to take proper and adequate precautions while packing and handling the work. The gallery is suing to recover the $1.25 million it will cost to repair the painting.  

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