Art has become both a commodity and an investment – and, as a result, disputes involving art and antiquities have become regular fare in our Courts. During a recent three-week period, the First Department issued two opinions and Supreme Court, New York County, published three decisions relating to art and antiquities – involving the doctrine of mutual mistake; art looted during World War II; a disputed consignment agreement; misrepresentations as to the sale price of a painting; and artwork left for framing. Continue reading
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