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US judge throws out latest non-payment case involving Anatole Shagalov


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 ....

New York , United States , New Delhi , Abu Dhabi , Asher Edelman , Justice John Koeltl , Keith Haring , Frank Stellas , Max Rapp Patrick Mcmullan , Anatole Shagalov , Southern District Court , Patrick Mcmullan , Nature Morte , Edelman Arts , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , புதியது டெல்ஹி , ஆஷர் எடெல்மேன் , கேய்ட் ஹரிங் , தெற்கு மாவட்டம் நீதிமன்றம் , பேட்ரிக் மக்மலந் , இயற்கை மார்ட் , எடெல்மேன் கலைகள் ,

Wet Paint: Artists Rally to Save André Leon Talley From Eviction, Art-World Chef Keith McNally Opens in Miami, & More Art-World Gossip


Wet Paint: Artists Rally to Save André Leon Talley From Eviction, Art-World Chef Keith McNally Opens in Miami, & More Art-World Gossip
What auction house CEO is just as confused by NFTs as you are? Which Chelsea gallery s elevators are falling apart? Read on for answers.
March 5, 2021
André Leon Talley attends the front row for Carolina Herrera during New York Fashion Week. Photo by John Lamparski/Getty Images.
Every week, Artnet News brings you Wet Paint, a gossip column of original scoops reported and written by Nate Freeman. If you have a tip, email Nate at [email protected]
 
It’s been a long and twisted saga for the legendary ....

New York , United States , Lower East Side , South Beach , United Kingdom , Film Forum , White Plains , City Of , Jeffrey Deitch , Asher Edelman , Natacha Polaert , Mario Carbone Instagram , Keith Mcnally Instagram , Paul Mpagi Sepuya , John Mccord , Ethan Kennemer , Chloe Sevigny , Cheyenne Julien , Jakeem Smith , Stephen Starr , Kara Walker , Thom Bettridge , Andrew Kuo , Stella Schnabel , Ryan Trecartin , Anthony Yurgaitis ,