Art Investment

Seller's paintings of Mark Rothko, was accused of breach of confidentiality

Previous owner fabric argues that the collector had no right to sell the painting in public

yesterday in New York held an auction Sotheby's, one of the top lots which became the picture Mark Rothko . Nameless work, created in 1961, brought 31.4 million dollars in Estima 18-25 million. But perhaps had previously bid on the canvas Mexican financier David Martinez (David Martinez) had no right to sell it publicly. So says the previous owner of the work, collector of Dallas Margarita Hoffman (Marguerite Hoffman), who wanted to keep selling the fact Martínez secret. It will seek justice through the court.

collector is left with the work in April 2007. Shortly before he died her husband, Robert Hoffman (Robert Hoffman). The lawyer said Hoffman, Roger Netzer (Roger Netzer), at this difficult time for her she would not attract public attention - so now it was agreed to sell through dealers, rather than at auction. The contract included a confidentiality clause.

Martinez in the deal represented the gallery L & M Arts, and Hoffman - Gallery Greenberg Van Doren. The plaintiff notes that the owner of L & M Mnuhin Robert (Robert Mnuchin) promised her that the picture "disappear" in the bins collector. L & M is also known among the defendants. Incidentally, it was sold Mnuhin work spouses Hoffman. He bought it at Christie's in 1997 for 1.87 million.

Shortly after the completion of the transaction, in May of 2007, a product of Rothko was an absolute record - painting" White Center » from the collection of David Rockefeller (David Rockefeller) left at Sotheby's for 72.8 million. According to the head of Sotheby's contemporary art Tobias Meyer (Tobias Meyer), in 2007, painting, owned Hoffman, could bring at auction 30-40 million dollars. The amount of proceeds realized it was much less. Auction house and Mayer Hoffman defendant in the lawsuit as defendants.

«[Hoffman] sues to defend their honor and dignity and to show that such actions go beyond what is permissible in the art world "- says Roger Netzer.

Male Hoffman was a founding member humor magazine National Lampoon. Collection spouses included not only works of art, but also curious objects - in particular, one of the largest in America, bottles of Coca-Cola ».

Sources: bloomberg.com , artinvestment.ru


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