And Another: Fake Rothko from Knoedler

Knoedler who? On January 29, 2013, the Martin Hilti Family Trust (the “Trust”) accused Knoedler gallery, the gallery that was and that is no more, of selling it a fake Mark Rothko on 2002. In a 45-page complaint, the Trust brought suit against the gallery’s former owner, Michael Hammer; its former president, Ann Freedman, and a Long Island Dealer, Glafira Rosales. The painting in question “Untitled (1956)” came with a $5.5 million price tag. More than 10 years later, the Trust ordered a forensic analysis of the painting, which revealed use of pigments that were not developed until the 1960s.

For a brief account of one of the four suits now pending in Manhattan federal court against Knoedler, read Knoedler faces another suit.

In The Martin Hilti Family Trust v. Knoedler Gallery, LLC et all, 1:2013cv00657, Plaintiff is represented by a legal team with Pryor Cashman, LLP, Hammer is represented by Chalres D. Schmerler, and Freedman is represented by Nicholas Gravante, Jr.

There are twelve (12) claims for relief in the complaint, in which Plaintiff seeks damages “in an amount not less than $5.5 million,” and if possible pre-judgement statutory interest, punitive damages in an amount to be determined at trial.

Source: The New York Times; Justia.com; Gallerista.com.

Comments welcomed

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s