Friend might (not) bail-out bankrupt art dealer

  • November 17, 2009 11:19

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The Salander townhouse in New York City

A sale of the 66-acre Millbrook, New York, property where indicted art dealer Lawrence B. Salander lives with his family was postponed in U.S. Bankruptcy Court after a friend behind a $5.1 million bid said he hadn’t secured financing. The friend, Michael Lewitt, also bid on other assets such as $300,000 for the contents of a New York townhouse, $750,000 for jewelry, and $25,000 for vehicles. A Manhattan townhouse is listed separately on the market, at $25 million originally.

Read more at Bloomberg


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