Swiss Art Dealer Sues Getty Museum for $77 Million

A statue from the Torlonia collection.
A statue from the Torlonia collection.
(Fondazione Torlonia onlus)

In a federal lawsuit on Jan. 12, a Swiss art dealer claimed that the Getty Museum in Los Angeles unfairly dropped it from a deal for a portion of a multi-billion dollar private collection of Roman antiquities that the dealer was brokering, reports Courthouse News.

Phoenix Art, of Geneva, claims the Getty Museum has a “history of dubious acquisitions and trouble with Italian authorities,” and that it helped smooth the deal for the acquistions until the museum “stole the value of years of work and relationships cultivated by plaintiffs in violation of their contractual and legal duties,” according to court documents.

Phoenix claims it was contracted by Rome's aristocratic Torlonia family to sell works from their unparalleled collection of Roman statues. The dealer alleges that after much of the research and negotiating was done, the Getty cut them out, violating a non-circumvention contract.

Phoenix’s agent, Petrarch LLC dha Electrum, and Regulus International Capital Corp., are co-plaintiffs in the suit, demanding from the Getty $77 million for fraud, breach of contract, breach of faith, tortious interference, unjust enrichment, unfair competition, misappropriation of trade secrets and conversion.

More News Feed Headlines

Salvador Dali, 1939

Salvador Dali Foundation Sues Museum in California

  • July 15, 2018 16:39

The Salvador Dali Foundation has sued the Dali17 Museum in Monterey, Calif., for copyright ...

Read More

Robert Motherwell's Untitled, 1967

Motherwell Painting Found After Missing for Four Decades

  • July 15, 2018 16:39

A monumental painting by 20th century American master Robert Motherwell was recently found after ...

Read More

Rendering of For Lazy Lobster, part of the Artscapes series at the de Young museum in San Francisco this summer, by Cosima von Bonin, 2018.  Courtesy the artist and Petzel Gallery.

ARTFIXdaily Closed From June 25 to July 6

  • June 24, 2018 23:45

ARTFIXdaily will be closed from June 25 to July 6. Subscriber e-newsletter service will resume on ...

Read More

"Purdue" by Domenic Esposito

Gallery Owner Arrested for Placing 11-Foot Drug Spoon Sculpture Outside Purdue Pharma

  • June 24, 2018 23:45

From the Hartford Courant: A Stamford, Connecticut, art gallery owner was arrested and charged ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 

ArtfixDaily Artwire