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Copyright Law
: The Art Law BlogChrismas Suit
By Intellectual Property Law, Esq.
"Doug Chrismas, a veteran Manhattan and Los Angeles art gallery owner, found himself in the middle of a $1 billion international fraud case last week after federal agents seized a $1.3 million Lichtenstein painting he sold last year - claiming title to the work of art was 'free and clear.' It turns out the 41-year-old painting ... had been smuggled into the country by a Brazilian money launderer, Edemar Cid Ferreira, the former owner of Banco Santos."
The buyer has sued Chrismas and his Ace Gallery "for selling him the pricey work of modern art - and claiming it was free and clear of any claims."
Full post as published by The Art Law Blog on August 05, 2008 (boomark / email).
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