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FAD Magazine covers contemporary art – News, Exhibitions and Interviews reported on from London

Christie’s sued for selling £100m ‘Da Vinci’ for £11,400


Former owner claims auction house was negligent selling drawing as 19th century German work, and for 0.01% of its potential value.
Christie’s is facing a bitter compensation claim after a drawing it sold for £11,400 as a 19th-century German picture was claimed to be a 15th-century Leonardo da Vinci worth £100m.

The picture’s original owner, Jeanne Marchig, who runs a UK foundation for animal welfare, is accusing the auction-house of negligence, alleging that it misattributed the drawing. She claims that, in failing to “exercise due care”, it sold the artwork for a “fraction” of its true value, according to a complaint filed in the Manhattan federal court. Read More at The Guardian

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