Friday, May 25, 2018

The curious case of "Negligence and Reputation Management"

While Werner Spies is an example of an individual brought to court over this tort, auction houses can also get sued for negligence. Take, for example, the case of Dickson v Christie’s in 2010.
David Dickson and Susan Priestley sold “Salome with the Head of St John the Baptist” for £8,000 after an assessment by Christie’s determined the painting was from the school of Titian, and not the artist himself. However, Sotheby’s later sold the painting having assessed it as an original. It was put up for auction with a starting price of $4 million. Dickson and Priestley claimed Christie’s didn’t do the proper research in determining the painting’s correct origin and selling price. However, this case settled before trial.
Read the fascinating article here.