Collector Sues Gallery Over Basquiat
An art collector claims a Manhattan gallery owner said he wanted to borrow a Basquiat artwork, Untitled (Football Helmet), to show it “to his family,” then sold it for $300,000 without permission. The collector, Lio Malca, demands damages for breach of duty as bailee, conversion, and fraud, and wants the art back or $500,000 (the “actual value of the piece”). Via Courthouse News.
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Tags: Art Law, art theft, fraud, jean michel basquiat, Katzuhito Yoshii, new york galleries, painting, sculpture, Yoshii Gallery
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