Sotheby's Sues Art Investor After Her Client Fails to Pay

  • June 30, 2014 14:44

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Basquiat, Water-Worshipper

One of the most glamorous figures in the London art scene is the subject of a    £3 million High Court writ over allegations that she purchased two   contemporary works for a client who was unable to pay for them. 

Olyvia Kwok successfully bid for Water-Worshipper by Jean-Michel Basquiat and   Idilli by Cy Twombly at Sotheby’s. Miss Kwok runs an art and jewels investment firm for clients “who tend to be   individuals or families with a net worth in excess of $30 million” and made   her bids at the sale in February. 

Read more at Telegraph

Tags: American art

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