The lawsuit involves a painting attributed to Dutch artist Frans Hals. A partner in the sale was ordered to repay Sotheby's $4.2 million in April.
Hedge fund manager David Kowitz was ordered to pay Sotheby's roughly $6.6 million after a judge ruled against the investor in a case involving an allegedly fake painting. The lawsuit concerns the $10.8 million sale of"Portrait of a Gentleman," a painting attributed to Dutch artist Frans Hals. The 2011 sale was consigned by art dealer Mark Weiss and Kowitz's art vehicle, Fairlight Art Ventures. The London judge ordered Weiss to pay a $4.
Hedge fund manager David Kowitz was ordered to pay Sotheby's roughly $6.6 million after a judge ruled against the investor in a case involving an allegedly fake painting. The lawsuit concerns the $10.8 million sale of"Portrait of a Gentleman," a painting attributed to Dutch artist Frans Hals. The 2011 sale was consigned by art dealer Mark Weiss and Kowitz's art vehicle, Fairlight Art Ventures. The London judge ordered Weiss to pay a $4.
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