The Momentary - Bentonville, Arkansas - Feb 22, 2020

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

Advertisement

Advertisement

More News Feed Headlines

Harvard University's Arthur M.  Sackler Museum

Harvard Students' Installation in the Sackler Museum Names Opioid Victims

  • ArtfixDaily / December 9th, 2019

A new art installation at Harvard University's Arthur M. Sackler Museum names local victims and survivors of ...

Read More...
Camille Claudel, Sakuntala, marble, 1888, (1905 copy shown, Musée Rodin, Paris).

Google Doodle Honors Innovative French Sculptor Camille Claudel

  • heavy / December 8th, 2019

On her 155th birthday, French artist Camille Claudel (1864-1943) was given major recognition this Sunday (Dec. 8) ...

Read More...
The Turner Prize 2019 nominees are all winners: Lawrence Abu Hamdan, Helen Commack, Oscar Murillo and Tai Shani.

Why the Four Turner Prize Finalists Got a Collective Win

  • NPR / December 8th, 2019

All four finalists — Lawrence Abu Hamdan, Helen Cammock, Tai Shani and Oscar Murillo — for the U.K.'s ...

Read More...
Sotheby’s set a new world auction record for any work of Impressionist art when Claude Monet’s iconic ‘Meules’ sold for $110.7 million in New York on May 14, 2019.

Top Execs to Exit Sotheby's in Latest Shake-Up

  • Page Six / December 4th, 2019

Several top executives at Sotheby's will be leaving, some voluntarily and some not, according to party buzz at the ...

Read More...
Clarke Auction - December 15
Gianguan Auctions - December 16

ARTFIXdaily Artwire