Claimed to be the sole owner of the painting

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Reference no: EM131219333

In 1987 R.H. Love Gallery owned the title to a painting entitled Marlton’s Cove. The gallery sold 50 percent of the painting to Altman Fine Arts, a New York art dealer, and 50 percent to Andre Lopoukhine, a Boston art dealer. In 1989, plaintiff Morgold, Inc., purchased Altman’s 50 percent of the painting. Morgold and Lopoukhine decided to try to sell the painting. In 1990, Lopoukhine sold the painting to Mark Grossman. Lopoukhine did not pay Morgold the 50 percent due for the sale of the painting. Morgold argued that this lack of payment indicated that the title was never officially passed on to Grossman. Through an art dealer, Grossman sold the painting to Fred Keeler. In 1991, Morgold contacted Keeler and claimed to be the sole owner of the painting. Who do you believe owns title to the painting? [ Morgold, Inc. v. Keeler, 891 F. Supp. 1361 (1995).]

Reference no: EM131219333

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Claimed to be the sole owner of the painting : In 1987 R.H. Love Gallery owned the title to a painting entitled Marlton’s Cove. The gallery sold 50 percent of the painting to Altman Fine Arts, a New York art dealer, and 50 percent to Andre Lopoukhine, a Boston art dealer. In 1989, plaintiff Morgo..

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