Decided the fate of the bust of Picasso for $100 million
ARTinvestment.RU   21 июня 2016

Picasso sculpture, "Female bust", 1931, from the collection of Maya Widmaier-Пикассо lost to the client Gagosian Leon black's. Qatar promised financial compensation for moral damage

Decided the fate of the sculptures of Pablo Picasso's "Female bust (Marie-Терез)", 1931, from the collection of Maya Widmaier-Пикассо — daughter of the artist and his Muse Marie-Терез Walter. 80-летняя the owner promised to sell it twice: first, the bust was the promised agent of Qatar Sheikh casima bin Abdulaziz al-Тани (husband sheikhs al-Маяссы, head of the office of museums Qatar), and after — Larry Gagosian, acting on behalf of your client. The amount of the transaction with Sheikh amounted to €38 million ($42 million), and Larry Gagosian, "Female bust" was worth $106 million.

came to court. Larry Gagosian sued an agent of the Qatari dynasty — company Pelham Holdings. In the end the case was decided in favor of the client of Larry Gagosian, who was none other than the famous new-йоркский collector Leon black. The bust will get him and the agent of Qatar — financial compensation for moral damage (its size is not disclosed).

the Material was prepared by Maria Onuchina, AI

Sources: nytimes.com, artinvestment.ru