Harvard Art Museum Crossing Lines - Sep 5 - Jan 5

Simon de Pury Wins Legal Dispute With Friend Over Commission in 'Handshake' Deal for Gauguin

  • May 16, 2019 12:43

  • Email
Paul Gauguin, Nafea Faa Ipoipo? (When Will You Marry?), 1892, oil on canvas.

Former Sotheby’s Europe chairman Simon de Pury has won a legal battle with his childhood friend over the sale of one of the world’s most expensive paintings to the emir of Qatar, reports The National.

Britain’s highest court ruled on Wednesday for de Pury, and Michaela de Pury, in a long-running dispute with Swiss art collector Ruedi Staechelin who had reportedly backed out of a handshake deal to pay a commission to Simon de Pury, a board director at Gucci, for his role in the sale of Paul Gauguin’s Nafea Faa Ipoipo? (When Will You Marry?).

Staechelin had appealed an earlier court decision to pay the de Purys a $10 million commission.

The painting sold for $210 million to Qatari Sheikh Tamim bin Hamad Al Thani almost five years ago.

In a statement, de Pury said: “The integrity of a handshake deal in the art world has been upheld.”

Read more at ArtNews

Tags: european art

  • Email

More News Feed Headlines

Maurizio Cattelan, America.

Maurizio Cattelan's Gold Toilet Artwork 'America' Is Stolen From Blenheim Palace Exhibit

  • NBC / September 14th, 2019

On Saturday morning, the interactive artwork that is an 18-karat solid gold toilet titled America -- part of ...

Read More...
An artwork recovered by the LAPD

After Auctioneer's Tip, Los Angeles Police Seek Owners of Art Trove Stolen in the '90s

  • Los Angeles Times / September 4th, 2019

A Southern California auctioneer alerted police when stolen items were brought in for valuation this summer. The ...

Read More...
Pediment of the Parthenon on the Acropolis, in Athens.  Some pediment sculptures are housed in the nearby Acropolis Museum, while the most prized pieces are in the British Museum.

After France Agrees to Artifact Exchange, Greece Drafts Loan Proposal for British Museum's Parthenon Marbles

  • Ta Nea / September 3rd, 2019

On Tuesday, Greece's Culture Minister Lina Mendoni said her ministry is preparing a draft proposal for a ...

Read More...
Banksy's 2017 mural (detail) in Dover, UK, has been removed.

Banksy Brexit-Themed Mural Disappears From UK Wall

  • BBC / August 27th, 2019

A famous mural created by street artist Banksy in 2017 mysteriously was removed from a building in seaside Dover, UK, ...

Read More...

ARTFIXdaily Artwire