Moscow Dealer Sues N.Y.C. Gallery Over $3 Million in Paintings
Wednesday, August 26, 2009 : PermalinkBloomberg – Moscow-based art dealer Gary Tatintsian has sued New York’s Luhring Augustine Gallery alleging breach of agreements on $3 million of art by artists George Condo and Richard Prince, according to a complaint filed Aug. 11.
In April 2008, Tatintsian, one of the first promoters of contemporary Western art in Russia, agreed to pay $2.7 million for 12 new Condo paintings at $225,000 each, according to the complaint filed in New York State Supreme Court in Manhattan. The price reflected a 30 percent discount from Condo’s “minimum retail price” of $325,000, according to the filing.
Tags: art dealer, bloomberg, george condo, luhring augustine gallery, manhattan, New York, paintings, russia, state supreme court
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