Thursday, July 09, 2020

"Nahmad received a WhatsApp message from Russian magnate Leonid Friedland, the CEO of Phillips’s parent company, noting that the guarantee could be cancelled in the case of 'natural disaster, fire, flood, general strike, war, terrorist attack… or chemical contamination.'"

artnet's Eileen Kinsella:  Art dealer Joe Nahmad is suing Phillips after the auction house pulled out of a $5 million guarantee deal for a work by Rudolf Stingel.

Related.