Ron Perelman continues to plead with Larry Gagosian
Billionaire and collector Ron Perelman accused Larry Gagosian in cahoots with the family-Mughrabi to manipulate the art market
most Influential global art-дилер Larry Gagosian for the third year cannot disentangle themselves from litigation with his former client — billionaire Ron Perelman. And this trial now casts a shadow not only on the world-famous gallery owner, but no less well-known collector Jose Mugrabi (José Mugrabi), which Perelman accused of conspiring with Gagosian to manipulate арт-рынком.
it all Started with the fact that Perelman and Gagosian in 2012 almost simultaneously filed against each other in court. The reason for the suit Perelman was upset deal with a sculpture by Jeff Koons "Popeye". Gagosian sold it to Perelman in installments over 4 million dollars, but had concealed from him the fact that in the case of a subsequent resale of the work through the gallery most of the proceeds in excess of original cost 4 million will be given to the author, i.e. Jeff Koons. In the end, Perelman decided to withdraw from the purchase Popeye, because in this situation forces (when in scoring from increases in the market price remains the artist) gallery is unlikely to be interested in further resale or repurchase of this sculpture is more expensive than $ 4 million. So, Perelman is unlikely to be able to earn on it, especially when you consider that the Gagosian gallery is the main seller of works of Koons on the world арт-рынке.
Disappointed Perelman refused to pay for previously made at the Gagosian shop. Or rather, refused to pay for them only money. The expression of Gagosian, the collector paid "considerably less" than agreed, and the appendage was offered other work from its collection, including a contract for an unfinished sculpture of Koons. The Gagosian had to go to the barter, and the gallery, according to his statement, has suffered as a result of serious losses. This was the reason for retaliatory action by Gagosian, which he, however, after a few months ototal@ a Lawsuit Perelman meanwhile, acquires new details. The collector said that the prices of those works, for which he paid by barter, were Gagosian artificially inflated. We are talking about the sculpture of Richard Serra "Junction 2011" ("Crossing 2011") for $ 12.6 million and a painting by CY Twombly "Leaving Paphos, surrounded by waves" for $ 10.5 million. Judge Barbara Kapnik (Barbara Kapnick) in February this year rejected a number of claims Perelman to Gagosian (about breach of contract and fraudulent methods of doing business), but statements about artificially inflating prices of Twombly and Serra left Otkrytye@ Last round of stories happened the other day: Perelman continues to blame the Gagosian illegally inflating prices for the work of Twombly, and was named defendants also world famous collector Jose Mugrabi and his sons. According to Perelman, it all started with the fact that Gagosian told him about the work of Twombly "Leaving Paphos, surrounded by waves" for 8 million dollars. When the collector was going to buy it, the dealer told him that it was already sold to another customer. How-то time she was back at the Gagosian — but with a price tag of $ 11.5 million. Perelman was able to bring down the price to $ 10.5 million, but remained confident that his nadoli@ Ron Perelman argues that the first buyer of the work of Twombly was Jose Mugrabi, which Larry Gagosian colluded to manipulate the market. Supposedly the deal was fabricated to ensure that the dealer had an illegal prize. The plaintiff demands that the information was made public about all the former deals with Gagosian-Mughrabi family, starting from January 2010. Family-Mughrabi denies-либо involvement in the transaction with the work of Twombly and declares that Perelman filed a lawsuit to have their "lime". Источники: nypost.com, nypost.com, artinvestment.ru
Permanent link to:
https://artinvestment.ru/en/news/artnews/20140821_gagosyanperelman.html
https://artinvestment.ru/news/artnews/20140821_gagosyanperelman.html
© artinvestment.ru, 2024
Attention! All materials of the site and database of auction results ARTinvestment.RU, including illustrated reference information about the works sold at auctions, are intended for use exclusively for informational, scientific, educational and cultural purposes in accordance with Art. 1274 of the Civil Code. Use for commercial purposes or in violation of the rules established by the Civil Code of the Russian Federation is not allowed. ARTinvestment.RU is not responsible for the content of materials submitted by third parties. In case of violation of the rights of third parties, the site administration reserves the right to remove them from the site and from the database on the basis of an application from an authorized body.