"Charles C. Cahn, Jr. alleged on Wednesday that Sotheby's would not resell his $1.55 million painting-even despite an agreement that the two signed in 2016 that would've required the house to do so. Filed in the Supreme Court of the State of New York, the lawsuit contends that Sotheby's had raised authenticity concerns about the painting, titled Portrait de Leopold Zborowski and dated to 1917."
"But according to Cahn's lawsuit, "the authenticity of the Painting as attributable to Modigliani wascalled into question by Sotheby's own appraisal of the Painting, which stated that the Painting failed to satisfy certain criteria and that the Painting would have no sale value in the international art market in which Sotheby's operates." Sotheby's allegedly stated this in 2016 to Cahn, whose lawyers did not submit written proof of those statements,"
Charles C. Cahn Jr. filed a lawsuit in New York Supreme Court claiming that Sotheby’s refused to resell a 2003-purchased painting attributed to Amedeo Modigliani despite a 2016 agreement guaranteeing resale rights. The painting, Portrait de Leopold Zborowski (1917), is tied to Zborowski provenance and appeared in a 1934 Kunsthalle Basel Modigliani retrospective per Sotheby’s catalog. Cahn alleges that a Sotheby’s appraisal questioned the work’s authenticity and stated it would have no international market value. The 2016 agreement allowed resale through Sotheby’s within 15 years with repayment of the original price plus 2.5% compound annual interest. Cahn claims Sotheby’s failed to respond to his 2025 consignment request.
Read at ARTnews.com
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