Insurers balk at $19.7M claim on fake Basquiat paintings seized by …

Jan 16, 2025 · ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings …

CouponFollow Extension

$19
OFF

Insurers Balk At $19.7M Claim On Fake Basquiat Paintings Seized By …

18 hours from now

Jan 16, 2025 · ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings …

apnews.com

$19
OFF

Insurers Balk At $19.7M Claim On Fake Basquiat Paintings Seized

18 hours from now

ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were …

msn.com

$20
OFF

Liberty Mutual, Great American Balk At $20M Claim On Fake …

18 hours from now

Jan 21, 2025 · ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings …

insurancejournal.com

$19
OFF

Insurers Dispute $19.7 Million Claim For Fake Basquiats Seized …

18 hours from now

Jan 22, 2025 · Two insurance companies are arguing against a $19.7 million claim by the owners of 25 paintings that were supposedly by neo-expressionist titan Jean-Michel Basquiat but were …

artnet.com

$19
OFF

Insurers Fight $19.7M Claim For Fake Paintings

18 hours from now

Jan 21, 2025 · According to the Associated Press, more than two dozen paintings, supposedly by artist Jean-Michel Basquiat, were seized in an FBI raid at the Orlando Museum of Art in 2022.

propertycasualty360.com

$19
OFF

Insurance Companies Fight $19.7m Claim Over Basquiat Forgeries

18 hours from now

Jan 17, 2025 · The Liberty Mutual Insurance Company and Great American Insurance Company are petitioning a Florida court to declare that the owners of a trove of fake Jean-Michel …

theartnewspaper.com

$19
OFF

Insurers Balk At $19.7M Claim On Fake Basquiat Paintings Seized By …

18 hours from now

Jan 16, 2025 · ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings …

financialpost.com

$19
OFF

How Fake Basquiat Paintings Sparked A $19M Insurance Battle And …

18 hours from now

Jan 20, 2025 · The case began when the FBI seized 25 works claimed to be by Basquiat from the Orlando Museum of Art (OMA) in 2022. The works were part of the “Heroes & Monsters” …

liveinsurancenews.com

$19
OFF

Insurers Deny $19.7 Million Claim For Fake Basquiat Paintings …

18 hours from now

Jan 16, 2025 · Insurers deny $19.7 million claim for fake Basquiat paintings seized by the FBI. Owners argue they should still pay for failing to verify authenticity BY Mike Schneider and The …

fortune.com

$19
OFF

Insurers Balk At $19.7M Claim On Fake Basquiat Paintings Seized …

18 hours from now

Jan 21, 2025 · Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during …

claimsjournal.com

$20
OFF

Insurers Seek To Deny Millions In Claim Over Basquiat ‘fakes’

18 hours from now

Jan 15, 2025 · The owners of art dramatically seized by the FBI from a Jean-Michel Basquiat exhibition at Orlando Museum of Art in 2022 now face a legal battle to collect their nearly $20 …

orlandosentinel.com

$19
OFF

Aaron De Groft, Orlando Museum Of Art Director Fired In Basquiat ...

18 hours from now

Jan 21, 2025 · De Groft was not a party in another ongoing lawsuit stemming from the Basquiat forgery scandal, in which two insurance companies are seeking to block a $19.7m claim filed …

theartnewspaper.com

$19
OFF

Insurers Balk At $19.7M Claim On Fake Basquiat Paintings Seized By …

18 hours from now

Jan 16, 2025 · ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings …

srnnews.com

$19
OFF

News | News, Sports, Jobs - Marietta Times

18 hours from now

Insurers balk at $19.7M claim on fake Basquiat paintings seized by FBI January 17, 2025 - Entertainment ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block …

mariettatimes.com

$20
OFF

Artwork Insurance Archives - 热点黑料 Journal

18 hours from now

Jan 21, 2025 · Liberty Mutual, Great American Balk at $20M Claim on Fake Basquiat Artwork January 21, 2025 ORLANDO, Fla. (AP) 鈥?Two insurance companies have asked a court to …

hotspringsvillagehomepage.com

$19
OFF

Insurers Balk At $19.7M Claim On Fake Basquiat Paintings Seized By …

18 hours from now

Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings seized during an FBI raid at the …

barchart.com

FAQs about Insurers balk at $19.7M claim on fake Basquiat paintings seized by … Coupon?

Are forged Jean-Michel Basquiat paintings worth $19 million?

ORLANDO, Fla. (AP) — Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of Art in 2022. The insurers say that the owners should have known that the works were counterfeits and they have no value. ...

Did Thad Mumford own Basquiat art?

Also, television writer Thad Mumford, the owner of the storage locker where the art was supposedly found, told investigators that he had never owned any Basquiat art and that the pieces were not in the unit the last time he had visited. Mumford died in 2018. The insurance companies first filed their lawsuit in state court in Orlando. ...

Are the Basquiat paintings genuine?

He still insisted that the Basquiats were genuine. He said the artworks’ owners had commissioned a forensic investigation by a handwriting expert, who identified the signatures on many of the paintings as Mr. Basquiat’s. ...

Why did the owners of the paintings deny insurance claims?

The owners of the works denied the insurance company's allegations in court papers. They said they acted in good faith and that the paintings’ authenticity shouldn’t play a role in whether a claim is paid out since the insurers chose not to investigate their authenticity when they were added to the policy, ...

What happened to Basquiat's paintings?

Mr. De Groft said that Mr. Basquiat had sold the artworks, most of them painted and drawn on slabs of cardboard, for $5,000 in cash, and that they had languished for decades in a Los Angeles storage unit. In 2012, Mr. De Groft said, the storage unit was foreclosed for lack of payment and the contents were auctioned off. ...

Do you have a claim to proceeds from a painting 'loss'?

“Defendants do not have any valid claim to proceeds from this ‘loss’ since there is no loss to begin with,” the insurance companies said in court papers filed late last year. “The paintings have not been damaged or destroyed.” The owners of the works denied the insurance company's allegations in court papers. ...