Revlon mogul, NY art dealer file dueling lawsuits
by Associated Press Wire
September 13, 2012 11:00 AM | 382 views | 0 0 comments | 6 6 recommendations | email to a friend | print
NEW YORK (AP) _ Billionaire Ronald Perelman and a top New York City art dealer have traded lawsuits over several artworks including a sculpture of Popeye by Jeff Koons.

The Revlon mogul and Larry Gagosian (gah-GOH’-zee-ahn) filed the dueling lawsuits within hours of each other in Manhattan State Supreme Court.

According to the Daily News, Gagosian claimed Perelman refused to pay the agreed upon price for artworks he ordered. The lawsuit says Perelman instead insisted that the gallery accept other artworks in Perelman’s collection as payment.

Perelman’s suit says Gagosian didn’t inform him of a secret deal with Koons that would have guaranteed the art dealer substantial profits. He claimed that deal hurt his ability to resell “Popeye” at a substantial profit.

——— Information from: Daily News.
Comments
(0)
Comments-icon Post a Comment
No Comments Yet
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, spam, and links to outside websites will also be rejected. Please read our terms of service for full guides