Father Countersued Over Basquiat Painting Sale

(Sotheby's)

From Courthouse New Service:

Claiming that her father’s lawsuit gutted the auction of a Basquiat masterpiece, the middle daughter in a family of art collectors brought a $100 million legal demand of her own Thursday in the latest swat of an ugly family dispute.

“Flesh and Spirit” sold for $30.7 million at Sotheby’s last month — a hair above the auction house’s asking price — but Belinda Neumann-Donnelly claims the piece could have fetched as much as $45 million had her father, Hubert, not brought a lawsuit that asserted rights to the work.

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