Art Law: Auction House Liable in Sale of Fake Expressionist Painting – Update

In an earlier post, I had written about a judgment of the District Court (Landgericht) Cologne that had held the Lempertz auction house liable in relation to the sale of a Campendonk painting forged by Wolfgang Beltracchi. The court ordered Lempertz to hold the buyer harmless for the purchase price in the order of EUR 2.9 Million.   Continue reading

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