Legal Cases

A JUNE 3 New York court hearing will rule whether Sotheby’s and Christie’s should pay $40m compensation to clients who bought and sold at their auctions outside the US during the 1990s.

Christie’s and Sotheby’s have each agreed to pay $20m (£13m) to clients who bought and sold antiques at auctions held outside America.

A VENDOR who believes an auctioneer’s negligence cost him hundreds of thousands of pounds says he will sue despite leading experts dismissing the disputed piece as a 20th century reproduction.

It must be the dream insurance policy: compensation for loss and the return of the goods stolen. But for security giant Chubb, it was a claim too far when wealthy art lover Michael Clarke-Jervoise demanded he be handed back a 17th century Dutch masterpiece for which they had earlier paid him £125,000 in compensation.

The claim against London art dealers Agnews over a painting formerly attributed to Constable has been settled out of court. Sir Simon Day launched the claim over a series of free valuations carried out on the painting – Hampstead Heath: Branch Hill Pond – from 1975 until the late 1990s.

Antiquities dealers could find their trade in legally exported artefacts threatened despite due diligence if the Egyptian government succeeds in reversing Sotheby’s sale of a granite bust of Ramses II.

The importance of clear due diligence in dealings has been highlighted by an Irish court overruling the country’s statute of limitations on stolen goods in a civil case.

The patent dispute pitching a Virginia inventor against eBay appears to be heading to trial. US District Court Judge Jerome Friedman issued a series of rulings in late October that, while firming up aspects of eBay’s defence, rejected the company’s attempts to have the claims – made by MercExchange, a Virginia technology company – thrown out.

UK: SOTHEBY’S have denied reported claims by a gang caught in possession of stolen antiques that they had an insider working at the auction house. The theft was highlighted after the arrests of four Romanians and one Kosovan last week during a police sting to uncover an alleged plot to kidnap the celebrity Victoria Beckham.

EC fine Sotheby’s £13m – Christie’s escape penalty: THE US courts have given the go-ahead for compensation settlements to be paid in Sotheby’s and Christie’s $512m price fixing case. The green light came last week after the 90-day appeal period set by the US Supreme Court expired with no challenge to the ruling.

UK: A man who stole two extremely rare atlases to remove maps and sell them individually over the Internet has been jailed for 15 months.

WITH the backing of 65 per cent of a PayPal shareholders vote, eBay have completed their acquisition of the leading online payments company. Despite the overwhelming approval of the merger, some shareholders did object to it, suing eBay and PayPal in an attempt to block the acquisition.

PAYPAL, the leading online payment service, are facing a new challenge that could scupper eBay’s attempt to take them over.

A second hand bookshop in Glasgow and two dealers are locked in a legal dispute over the ownership of a lost cache of William Blake watercolours, valued at over £1m.

ANTHONY Molloy worked as a wildlife ranger for Ireland’s national heritage service, Duchas. When he retired a few years ago, at 65, his farewell gift was not the traditional watch, but a metal detector.

A US federal appeals court has upheld the conviction of former Sotheby’s chairman A. Alfred Taubman who had been found guilty of conspiring with rival auctioneer Christie’s International to fix commission fees.

The extent to which a provincial auctioneer should be liable for underselling a work of art is again under scrutiny as a vendor threatens legal action.

THE head of one of the United States’ biggest industrial conglomerates has quit the company after being indicted on charges of sales tax evasion on paintings valued at $13m.

A VENDOR has been ordered to pay more than £10,000 legal costs after a picture he sold at auction proved not to be by the famous German artist to whom it was attributed.

ALFRED Taubman, who has just announced an appeal against his collusion conviction, has started the ball rolling in his bid to sell his controlling stake in Sotheby’s.