Friday, June 08, 2018

"This action arises from a greedy, malevolent, fraudulent, bad-faith and (unfortunately) successful scheme to financially devastate the Estate and, indirectly, Belinda, by destroying the value of the Estate’s most valuable asset — Jean-Michel Basquiat’s masterpiece, ‘Flesh and Spirit.'"

The next round in a dispute over a Basquiat sold at Sotheby's last month. For round one, see here.

The painting sold for $30.7 million.  The claim seems to be that, but for the greedy, malevolent, fraudulent, bad-faith scheme, it would have sold for more.