A woman who worked in art galleries in Beijing and relied on an art dealer's valuation of a painting by Julian Schnabel cannot recoup the $290,000 she paid for the work, a Manhattan judge has ruled. The judge dismissed the woman's suit, finding that a "party is not justified in relying on any alleged misrepresentations if the facts were not peculiarly within" the other party's knowledge and the party had the means to learn the truth by exercising ordinary intelligence.
October 27, 2009 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
A woman who worked in art galleries in Beijing and relied on an art dealer’s valuation of a painting by contemporary artist Julian Schnabel cannot recoup the $290,000 she paid for the work, a Manhattan judge has ruled.
Najung Seung claimed she was misled by art dealer Mary Dinaburg into believing the Schnabel painting, “Chinkzee,” was worth at least $500,000 in order to entice her to buy it.
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