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Thursday, 04 December 2014 11:19

Siblings Head to Court Following the Sale of a Family-Owned Ad Reinhardt Painting

Ad Reinhardt's 'Blue Painting.' Ad Reinhardt's 'Blue Painting.'

A Manhattan real estate agent wants answers from his gallerista step-sister on why she hawked a family-owned painting by a renowned abstract artist last year for a measly $375,000 when it re-sold months later for millions.

Cyrus Greenspon claims in court papers that her step-sister's mega-cheap sell-off of their late dad's Ad Reinhardt painting was shady and a conflict of interest — namely because she got her former boss, the president of swanky Pace Gallery, to vouch for its low value and had a friend and former colleague buy it.

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