Bloomberg reports that Sotheby's is suing Cnet founder Halsey Minor in the Southern District of New York for failing to pay $16.8 million for the purchase of three works of art, including the "Peaceable Kingdom" recently sold by Ralph Esmerian.
Minor "said in an interview today that he refused to pay ... for 'Peaceable Kingdom' after discovering that Sotheby's hadn't disclosed that it had an interest in the work."
Sotheby's counters that "[o]ver the last several weeks Mr. Minor told us the sole reason he hadn't paid was because he was owed money by others, so this contention about non-disclosure is not credible. That the Hicks was loan collateral was widely reported.''
