Displaying items by tag: case

The US Supreme Court has rejected the appeal of Pasadena's Norton Simon Museum in the case of the ownership of Lucas Cranach the Elder's paintings "Adam" and "Eve" (both circa 1530). The artworks originally belonged to Jewish art dealer Jacques Goudstikker, who in 1940 was forced to flee the Netherlands following the Nazi invasion.

The case, which has been in federal court since 2007, was originally dismissed in the museum's favor in 2012. Goudstikker's daughter-in-law, Marei Von Saher, got a second chance last June, when a judge ruled that the pursuit of her claims did not conflict with US federal policy (see Norton Simon's Nazi-Looted Adam and Eve to Head Back to Court).

Rodin donated most of the work he held to France in 1916, but a number of plasters were not included. Many years later, some of these were acquired by Gary Snell, a US businessman. Working with another firm, Gruppo Mondiale, Snell arranged the casting of a number of major sculptures in bronze from these plasters.

A widely watched lawsuit between a billionaire and top art tycoon has expanded to include one of the most private and powerful families in the art world.

Last week, a judge granted a motion by billionaire financier Ronald O. Perelman to depose members of the Mugrabi family as part of a lawsuit between Perelman and art megadealer Larry Gagosian. According to people familiar with the case, the depositions are scheduled for September and could delve into the financial relationships and dealings between the Mugrabis and Gagosian.

Further details have emerged in the case against Helge Achenbach, the leading German art advisor who was arrested on 10 June on suspicion of fraud. According to the German business newspaper Handelsblatt, which cites the 24-page criminal complaint, Achenbach is accused of allegedly defrauding the late Aldi-supermarket heir and art collector Berthold Albrecht of €18m. There is also “early suspicion” that Achenbach allegedly defrauded another client, says Anette Milk, the senior public prosecutor in Essen.

A valuation of the Albrecht’s estate following his death two years ago raised concerns, and the collector’s heirs filed a complaint with the state prosecutor’s office in Essen, in April.

Onetime friends and business partners, powerhouse art dealer Larry Gagosian and billionaire collector Ronald O. Perelman have been involved in a bitter legal battle since September 2012. On January 25, 2013 Gagosian asked a New York judge to dismiss the case, which accuses him of using his high standing in the art world to arrange secret deals and influence art prices; Gagosian claims that the lawsuit is frivolous.

The ongoing clash started last year when Perelman purchased Jeff Koons’ (b. 1955) $4 million Popeye sculpture from Gagosian along with two other works said to be a Cy Twombly (1928-2011) painting and a Richard Serra (b. 1939) sculpture. Perelman paid for Koons’ oversize granite sculpture in full, but decided to cancel the deal when the work took longer than expected to complete. Since the value of Koons’ work is constantly on the rise, Perelman insisted that Gagosian owed him $12 million rather than the $4 million he initially paid for the unfinished work.

In his lawsuit, Perelman claimed that Gagosian had a secret agreement with Koons to redirect most of the profit from Popeye’s resale away from Perelman and towards Koons. The sculpture in question was ultimately sold to an unnamed buyer for $4.5 million and Gagosian gave $4.25 million of that back to Perelman, a fact Gagosian pointed out in court on Friday. Gagosian also claimed that Perelman refused to pay the agreed-upon price for the Twombly and Serra works, insisting that he would compensate for the debt he accumulated by giving Gagosian a number of artworks from his collection that he no longer wanted. Rather than benefitting from the deal as Perelman asserts, Gagosian said that he has lost $1.8 million so far.

While Perelman maintains that Gagosian is dishonest and deceitful in his dealings, Gagosian claims that the lawsuit is simply a way for his former friend to mar his name. Perelman’s side has made subpoenas as the battle continues.  

On January 23, 2013, a three-judge federal appellate court in California heard arguments from the heirs and relatives of a prominent Hungarian art collector. The lead plaintiff, David de Csepel, is the great-grandson of Jewish banker Baron Mór Lipót Herzog whose legendary art collection once included works by El Greco (1541-1614), Anthony van Dyck (1599-1641), Diego Velázquez (1599-1660), Pierre-Auguste Renoir (1841-1919), and Claude Monet (1840-1926).

The case, which could be the last major art restitution case relating to the Holocaust, involves 40 artworks valued at $100 million that were seized by Nazis during World War II. Csepel argued that Hungarian courts acted unjustly as they have never returned the stolen paintings nor paid restitution to Herzog’s relatives. In fact, a number of paintings once belonging to Herzog remain in the collections of Hungarian museums.

The lawsuit is attempting to use U.S. courts to press charges against the Hungarian government, three of the country’s museums, and a university. However, the Hungarian government’s lawyers argue that U.S. courts have no jurisdiction on foreign soil, pushing to have the case played out in Hungarian courts or the International Court of Justice. The plantiff’s attorney, Michael Shuster, claims that the case is relevant for U.S. courts because most of the living heirs involved in the case are U.S. citizens and that Hungarian courts can be problematic.

Over the course of 25 years in the 1980s and 1990s, Harry Rodman, a veteran gold refiner from New York City, and Alan Bronstein, a diamond dealer from New Jersey, assembled the Aurora Pyramid of Hope Diamonds, the most comprehensive collection of colored diamonds in the world. Featuring 295 rare gems, the collection became a point of controversy after Rodman died at the age of 99 in 2008.

Last year, Rodman’s heirs hit Bronstein with a lawsuit claiming that they were entitled to Rodman’s half of the diamond collection, which one appraiser valued at $14 million. The case became more complicated as Rodman, who made several wills in the last ten years of his life, was not only Bronstein’s partner, but also his stepfather. The legal dispute recently came to a close when Bronx Surrogate Judge Lee L. Holzman ruled that Bronstein fairly bought out Rodman’s interest in the Aurora Pyramid collection as well as another well-known grouping of diamonds known as the Aurora Butterfly of Peace.  

The Aurora Pyramid of Hope, which is currently on loan to London’s Natural History Museum, has been exhibited at the Smithsonian Institution in Washington, D.C. and the American Museum of Natural History in New York. Bronstein plans to keep exhibiting the collection in museums for the benefit and enjoyment of the public.