Thursday, July 24, 2014
 

Calder Heirs Lose Fraud Lawsuit Against Dealer

Heirs of Alexander Calder have lost a $20 million fraud lawsuit against the estate of Klaus Perls, Calder’s longtime art dealer.

Many of the claims in the case amounted to “an incoherent stew of irrelevance and innuendo,” and the evidence failed to show Perls wrongfully sold Calder works without the heirs’ knowledge, Justice Shirley Werner Kornreich said in a decision made public Dec. 24 in New York state court in Manhattan.

Via Bloomberg Businessweek.

 

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