Thursday, January 19, 2012

Charles Cowles & his Mom

Larry Gagosian is being sued for more than $14 million for selling two works of art it’s claimed he had no right to sell. Gagosian has paid British collector Robert Wylde a $4.4 million settlement for selling him Mark Tansey’s $2.5 million “The Innocent Eye Test” in 2009, which Wylde later discovered was owned by Jan Cowles and had been promised to the Met. Now Gagosian is being sued by Cowles, 93. Court papers filed by Cowles last night state the Tansey, along with a $4.5 million work from Roy Lichtenstein’s “Girl in Mirror” series, were sold by her son, Charles, to Gagosian, “without her knowledge or consent” in 2008-2009. Court papers say the Lichtenstein, in good condition, was shipped to art fairs, then sold to a mystery buyer for $2 million in “damaged condition.” Cowles argues the work was not damaged and may have been sold in a “dishonest fashion.” Her lawyer, David Baum, said, “Gagosian’s conduct was blatant and egregious.” Gagosian’s rep declined to comment. - NY Post

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.