Justin Sun, a cryptocurrency entrepreneur, is suing David Geffen for the return of his Giacometti sculpture, "Le Nez," sold without his knowledge by art adviser Xiong Zihan Sydney. Sun alleges that Sydney committed fraud by forging his signature and fabricating a lawyer to oversee the sale. He claims to remain the rightful owner despite paying $78.4 million for the artwork in 2021. Sun's lawsuit has been characterized by Geffen’s lawyer as bizarre and aims to undo the initial deal, while Sydney has not commented on the allegations.
In court papers, Justin Sun alleged that art adviser Xiong Zihan Sydney sold his Giacometti sculpture "Le Nez" without his consent, claiming it was part of a fraudulent scheme.
Mr. Sun's lawyers stated that his art adviser forged his signature and fabricated a lawyer to oversee the sale of the $78.4 million sculpture.
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