Collector Sues Collector for Failing to Keep a Secret

Marguerite Hoffman, a prominent Dallas art collector, filed suit this week against Mexican financier David Martinez for failing to keep her 2007 sale of a star Mark Rothko painting a secret. The suit stems from the painting’s public sale tonight at Sotheby’s, estimated to fetch as much as $25 million. Three years ago, after her 59-year-old husband’s death, Hoffman sold the painting to an undisclosed buyer, with the proviso that the details of the sale remain a secret, according to her lawsuit, filed in a Dallas, Texas, district court. Via Bloomberg News.

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