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A New York artwork collector is looking for info associated to the return of his Andy Warhol portray, which he claims was stolen by his lawyer—whom he’s now suing for $10m.
In a lawsuit filed 17 April in New York Supreme Court docket, Stuart Pivar, a co-founder of the New York Academy of Artwork and longtime good friend of Warhol, accused lawyer Mitchell Cantor of absconding together with his portray and {of professional} negligence and malpractice. Pivar claims that he offered Cantor the portray, a 1977 portrait of Pivar, for $100,000, though he has valued it at $5m. The 2 males had entered right into a repurchase settlement final September that allowed Pivar to purchase again the work for $150,000, however Cantor did not honour that possibility, the lawsuit claims.
Pivar says he offered the work to Cantor, his consultant on authorized issues since 2019, as a result of he was in want of quick money. “One thing got here up, I wanted $100,000 instantly to purchase one thing—it was in all probability a $10m factor, which I used to be shopping for for a fraction,” he says, including that he couldn’t keep in mind what it was. He tried to redeem the portray in March however Cantor informed him it “is lengthy gone,” in response to the lawsuit.
“The query is, how does a man like me come to do such a dumb factor as to borrow $100,000 from his personal lawyer, who he already is aware of is, how ought to I say, irregular, and the worst occurs?” Pivar says. “The reply is that I’ve executed this type of factor 100 instances, however on this specific case, it’s additionally on the prime of the checklist of dumb injudicious issues that I ever did.”
Cantor, whose enterprise Concordia Wonderful Artwork can be named as a defendant in Pivar’s go well with, stated in an emailed assertion, “Mr. Pivar is understood for making delusional claims, inventing causes of motion and utterly ignoring information.” He didn’t reply to questions in regards to the portray’s whereabouts.
This isn’t the primary time that Pivar has accused a lawyer of his of artwork theft. In 2019, he filed a $200m lawsuit towards his lawyer John McFadden, claiming that McFadden had tricked him into promoting a Constantin Brancusi sculpture for less than $100,000. The 2 males had signed a contract stating that the statue could be offered to both Christie’s or the Philadelphia Museum of Artwork, the place McFadden claimed he was a trustee, however Pivar contends that McFadden deceived him and saved the work for himself. In line with The Philadelphia Inquirer, McFadden maintained that Pivar wanted fast money and couldn’t discover one other purchaser partially because of his friendship with Jeffrey Epstein, whom Pivar described in a Mom Jones interview as “my finest pal for many years”.
Pivar tells The Artwork Newspaper that he “stopped realizing [Epstein] in 1990” and that he has bother promoting artwork as a result of he sued Sotheby’s for $2bn in 2020. “I used to be suggested that Sotheby’s wouldn’t promote something from my assortment together with properties I purchased from Sotheby’s over 50 years, nor would my bids be accepted at any Sotheby’s sale,” Pivar says. “No purpose was given to elucidate this traditionally distinctive dictum.” A spokesperson for the public sale home stated that the go well with was dismissed in courtroom.
In 2021, Pivar sued the Van Gogh Museum in Amsterdam over its refusal to authenticate a portray he says he discovered and recognized as a piece by Vincent van Gogh. A New York federal choose dismissed the case in March 2022.
The artwork collector is providing a reward of “indemnification and a surfeit of gratitude” for the secure return of his Warhol portrait.
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