On December 16, 2020, Judge Denise L. Cote of the U.S. District Court for the Southern District of New York found that London-based auction house Phillips Auctioneers (“Phillips”) properly terminated its agreement governing the auctioning of a Rudolf Stingel painting for force majeure after postponing its spring auctions in the midst of the COVID-19 pandemic.
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Update: Attorneys Representing Artists in 5Pointz Litigation to Receive Over $2 Million in Attorneys’ Fees
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