Gallery owner Larry Gagosian is accused in two lawsuits, including one brought by billionaire Ron Perelman over a $4 million sculpture named “Popeye,” of using his position in the art world to negotiate secret deals, push clients around and manipulate prices for contemporary works.
Christie’s was propelled to its biggest auction ever by selling $745 million worth of art, fueled by Barnett Newman and Francis Bacon paintings and billionaires from around the world who competed for the masterpieces.
Ronald Perelman can pursue a claim that art gallery owner Larry Gagosian used his position of trust to force the billionaire to buy a Jeff Koons sculpture of the cartoon character “Popeye” for $4 million, a judge ruled.
Two entities controlled by billionaire Ronald Perelman are “sophisticated” art investors whose lawsuit against gallery owner Larry Gagosian should be dismissed, lawyers for Gagosian told a New York state judge.
Gallery owner Larry Gagosian asked a New York judge to dismiss billionaire Ron Perelman’s lawsuit accusing Gagosian of using his position in the art world to negotiate secret deals and manipulate art prices.