Jose Mugrabi Sued by Christie’s Over Missed Payments on Basquiat Work

March 1st, 2016

Christie’s is filing a multi-million dollar lawsuit against Jose Mugrabi, after the dealer and collector missed a $13 million payment on a Basquiat work he bought at auction last year.  The lawsuit, including fees and interest on the payment, will top $37 million.  “We repeatedly attempted to resolve this matter with Mr. Mugrabi,” said a company spokesperson.  “Unfortunately, our efforts failed, and Christie’s felt it had no other alternative but to litigate.”Read more at New York Post