Here’s a story that makes no one look good. Najung Seung just lost a case in New York’s Supreme Court over a Julian Schnabel painting that was sold to her for $290,000 with assurances that it was worth–and would be resold–for $500,000. Except that the painting was sold at auction for $110,000. If that saga didn’t add enough insult to injury, the dealer’s defense is pretty brazen. Though the buyer was foolish to take the dealer’s valuations as definitive–or even a guide to making the purchase–t
Tags: assurances, auction, court, Julian, painting, result, saga, schnabel, supreme, valuations
