The lawsuit between Ronald Perelman and Larry Gagosian is still underway, with Perelman launching a subpoena demanding information on Gagosian’s previous deals with Columbian collector José Mugrabi.  Perelman maintains that the work in question, a Cy Twombly allegedly sold to Mugrabi before Perelman bought it for $10.5 million, was part of a scheme to manipulate the price, while Gagosian is also charging that he lost money on the deal.Read more at New York Post

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