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Copyright Law

: The Art Law Blog

Chrismas Suit

By Intellectual Property Law, Esq.

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A reader calls to my attention a story I missed from a few weeks ago:

"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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