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Works Seized at Art Basel Returned to Gallery

December 5th, 2009 in Art Law / Litigation
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Four works seized by US marshals from the Gmurzynska Gallery’s stand at Art Basel Miami on December 2nd were returned to the dealer yesterday. According to the Art Newspaper:

The four works, with an estimated value of more than $6m, include a Degas Jockeys, a Miró abstract from the 1920s, a Léger and an Yves Klein. They were seized in connection with a lawsuit filed in New York Federal Court by Edelman Arts Inc “as assignee for XL Specialty Insurance Company” against Gmurzynska gallery.

 
This entry was posted on Saturday, December 5th, 2009 at 5:13 pm and is filed under Art Law, Litigation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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