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Revealed: The Mystery Consignors to New York's $1.3 Billion Spring Auctions, From a Storied Mega-Dealer to the Founder of Cirque de Soleil

Who is liquidating art in this season's hotly anticipated spring sales? The answers might surprise you (or not). ....

Metropolitan Museum Of Art , New York , United States , Mexico City , Distrito Federal , Peter Brant , Rick Lowe , Martinz Margulies , Morris Louis Beta , Larry Gagosian , Morris Louis , Robinf Williams , Damien Hirst , Paul Allen , Magdalena Suarez , Franz Kline , Galerie Gisela Capitain , Cecily Brown , Tony Pritzker , Ariel Bentata , Henri Rousseau , Asuka Anastacia Ogawa , Jennifer Guidi , Henry Taylor , David Shuman , Katharina Grosse ,

The arts scene in focus

Malta&rsquo;s Ambassador of Culture FRANCIS SULTANA shares his second monthly arts and culture column in collaboration with Times of Malta,&nbsp;in which he pre ....

Malta General , Glasgow City , United Kingdom , United States , France General , City Of , Îe De France , Rudolph Stingel , Workmaster Henrik Wigstrom , Stella Mccartney , Tadao Ando , Pierre Huyghe , Urs Fischer , Margarida Dias , David Hammons , Paolo Mangiola , Richard Prince , Carl Faberg , Francis Sultana , Design Museum , Va Museum Faberg , Culture Francis , Waste Age , Pinault Collection , Imperial Easter Eggs , Great War ,

New York Federal Court Finds Force Majeure Clause Properly Invoked To Terminate Auction Consignment - Coronavirus (COVID-19)

Properly Invoked to Terminate Auction Consignment Contract
On December 16, 2020, Judge Denise Cote of the United States
District Court for the Southern District of New York issued an
Opinion and Order holding, as a matter of first impression, that
the Covid-19 pandemic was a “natural disaster” within
the meaning of a
force majeure clause.
Therefore, the Court held, an auction house was excused from
performing a consignment contract. See
JN Contemporary
Art LLC v. Phillips Auctioneers LLC, 2020 WL
7405262 (S.D.N.Y. 2020).
Background
In June 2019, JN Contemporary
Act LLC (“JN”) and Phillips
Auctioneers LLC (“Phillips”) entered into a
consignment agreement, in which Phillips agreed to auction a ....

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