Asher Edelman had federal marshals seize art works worth ten times the value of an insurance judgment against Galerie Gmurzynska for a damaged Robert Ryman painting, Lindsay Pollock reports on Bloomberg:

The lawsuit alleged that in 2007 Edelman consigned Ryman’s 1985 “Courier I” to Gmurzynska for sale at Art Basel Miami Beach and was insured for $750,000. The work was returned with a “deep indentation,” or “gouge” according to the lawsuit, and the defendant refused to pay the insured value.

The suit claims an additional $250,000 for “willful conduct of defendant” and “reprehensible motives and such wanton dishonesty as to imply a criminal indifference to civil obligations.” The suit resulted in a default judgment for the plaintiff for about $765,000.Continue Reading