Consignor demands $560K for W.T. Richards painting
- April 23, 2010 10:35
Rhode Island art dealer William Vareika sold a 19th century landscape by William Trost Richards for $700,000 but paid the owner only $140,000, the consignor claims in New York County Court.
Universe Antiques sued William Vareika and William Vareika Fine Arts over "The Rainbow," also titled "Coming Rain, Atlantic City, New Jersey," a 40-by-72-inch oil painted in 1890, which Universe says was to be sold by Vareika for $700,000 to a buyer in Hollywood.
Universe says it wants the balance of $560,000 plus interest, $683,000 in legal fees and $2 million in damages for breach of the consignment agreement and fraud.
Read more at Courthouse News Service
![Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.](/images/c/e2/2e/Jan20_Rape_of_Europa100x100_c.jpg "Peter Paul Rubens (Flemish, 1577–1640), After Titian (Tiziano Vecelli) (Italian [Venetian], c. 1488–1576), Rape of Europa, 1628–29. Oil on canvas, 71 7/8 x 79 3/8 in.")
