Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Minor "Pleads No Facts"

November 10, 2009 by Marion Maneker

The Art Law Blog brings to light some pretty damaging language in a court opinion related to Halsey Minor’s conflict with Sotheby’s over some paintings he bought but refused to pay for:

“Minor does not allege that … the paintings were auctioned at an inflated price because of the failure to disclose the security interest. To the contrary, because the paintings were sold [to him] at auction, Minor set the price for the paintings. […] [B]ecause Minor pleads no facts to support an inference that Sotheby’s security interest affected the value of the paintings, he fails to identify how Sotheby’s failure to disclose this interest was material.”

“There is no logical connection between Sotheby’s failure to disclose a security interest and any actual or potential injury to … Minor” (The Art Law Blog)

More from Art Market Monitor

  • The Mugrabis Are the MarketThe Mugrabis Are the Market
  • Hastening Husain's ReturnHastening Husain's Return
  • Art: The Original Social MediumArt: The Original Social Medium
  • Vernissage TV: Art Forum BerlinVernissage TV: Art Forum Berlin
  • Sotheby’s Ancient Marbles = £3.4mSotheby’s Ancient Marbles = £3.4m
  • Is the Scream Safe in Public?Is the Scream Safe in Public?

Filed Under: General

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • British Modernists Draw Deep Bidding in Christie's $42 M. London Sales
  • Following Legal Dispute, Restituted Pissarro Recovered From Toll Collection To Sell at Auction
  • Bonnie Brennan and Jennifer Zatorski Rise at Christie’s
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • French Impressionist Art from Lanvin Family Holdings to Sell at Sotheby’s Auction
  • How to Chant Like an Auctioneer
  • Tony Podesta's Secret Art Buying
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Vienna Secession Painting, Long Thought to Be Lost, Sets a Record at Auction
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor