Knoedler's Ann Freedman Settles Out of Court in Rothko Trial
- February 08, 2016 22:26
Embattled gallerist Ann Freedman settled out of court with the buyers of a fake Mark Rothko painting on Sunday, reports The New York Times.
Collectors Domenico and Eleanore De Sole were seeking $25 million in federal court from Knoedler & Co., its parent company and Freedman, who they accused of selling them a forged painting by Rothko for $8.3 million in 2004.
The case against Knoedler & Co., the Manhattan gallery where Freedman was president, will continue at US District Court in Lower Manhattan. Freedman is expected to testify on Tuesday.
Four separate lawsuits from collectors who purchased dubious works through Knoedler are still pending.
