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Art on Tax Evasion | Erich Schneiderman therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
The Back Room: New Steps in Old Spaces artnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from artnet.com Daily Mail and Mail on Sunday newspapers.
Art Industry News: The Ugandan Government Is Suing a Manhattan Art Dealer for $800,000 in Unpaid Rent + Other Stories artnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from artnet.com Daily Mail and Mail on Sunday newspapers.
Asher Edelman Owes Back Rent to Uganda Government therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
In 2017 Anatole Shagalov sued Artemus over a leaseback scheme Max Rapp/Patrick McMullan via Getty Images The long-running legal battle between Artemus, the art sale/leasing company set up by the financier Asher Edelman, and the art dealer Anatole Shagalov, has finally been concluded with a “win” for Artemus. The battle started in 2017 when Shagalov and his company Nature Morte (no relation to the New Delhi gallery) sued Artemus over a multimillion-dollar leaseback arrangement, which included a Keith Haring and two Frank Stellas. Shagalov allegedly did not pay the agreed fees and then tried to prevent Artemus from selling the art, claiming his arrangement with Artemus was a “collateralised loan” and not a purchase. Artemus’s business model is to buy a work of art and then lease it back to the vendor. Shagalov initially prevailed in court, but in March this year Justice John Koeltl dismissed Shagalov’s case with prejudice, bringing t ....