The entertainment mogul and upstart collector Justin Sun are locked in a court battle over an almost $80 million Giacometti, but the lawsuit’s details are even more surprising than its broad strokes. Plus a Sotheby’s-Breuer restaurant scoop and more in this week’s column.
Sydney Xiong, an art-world-savvy adviser widely credited as the director of Sun’s digital art platform, APENFT, suggested he start with the lot on the cover of the Macklowe sale catalogue: Le Nez, a glorious sculpture by Alberto Giacometti, the Swiss artist whose figures of long, frail bodies wracked by the atrocities of World War II made him one of the most celebrated artists of the century. In 2015, the Giacometti bronze L’Homme au Doigt sold to Steve Cohen for $141.
Even weirder: The suit claims there was no one named Laura Chang among the thousands of attorneys at the firm she said she represented—and it speculates whether Laura Chang was actually Xiong. The suit says they all soon drafted an exchange agreement, in which Le Nez would be traded for two of Geffen’s works that were valued at $55 million and $10.
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