There were reports yesterday that the Mugrabis were suing Mana Contemporary, accusing it of holding their collection "hostage" because of alleged unpaid storage bills. Today, the Art Newspaper has a story headlined "Court orders release of Mugrabi family’s art being held 'hostage' by storage firm" ... but the subhed says "Mana Contemporary must deliver five works in exchange for $1m," which, if that's true -- if they have to pay the million dollars before they get the work back -- means the hostage-taking seems to have worked.
UPDATE: Some clarity from Bloomberg. Under a similar headline -- "Five ‘Hostage’ Paintings Ordered Freed in N.J. Storage Dispute" -- we learn that, in exchange for their freedom, "the Mugrabi family was ordered to post a $1 million bond."
