Art Advisor Ordered to Pay $1 Million Back from Basquiat Sale

March 9th, 2017

Art advisor Lisa Jacobs has been ordered to repay $1 million she made off the sale of a Jean-Michel Basquiat work after a court set her fee at $50,000.  “It was a textbook private art deal,” says Carter Reich of Nicholas Goodman & Associates, but nevertheless “puts private dealers and art advisers on notice to be careful.”

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