Condos & Princes: Russian dealer sues New York gallery over $3 million art agreement
- August 26, 2009 15:58
New York - New York’s Luhring Augustine Gallery has been sued by Moscow art dealer Gary Tatintsian for an alleged breach an agreement over a complicated series of transactions involving works by artists George Condo and Richard Prince. According to a complaint filed Aug. 11 in Manhattan, Tatintsian agreed to pay $2.7 million for 12 new Condo paintings at $225,000 each, with an ameded delivery schedule stating the gallery would send two paintings every two months. The Russian dealer says he didn't receive the works on time. Meanwhile, prices for Condo's work have plummeted.