Monday, November 12, 2012

Gagosian Suit Offers Rare Look at Art Dealing

(Via) Sopa opera from the blue chip art dealers...
A central question in the case has been whether Mr. Gagosian in essence worked both ends of the deal — not disclosing to Mr. Cowles that his gallery had a relationship with the buyer and that it was trying to get a favorable price for that buyer. In a deposition made public on Wednesday, Mr. Gagosian said that he frequently represented both the seller and buyer in a deal without disclosing that fact to either party. “To be honest with you, the question hardly ever gets asked,” he said. “I never get asked the question, ‘Are you representing both sides.’”
Read the whole NYT article here and after you read that one, then read this one.

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