Revlon Mogul, NY Art Dealer File Dueling Lawsuits
NEW YORK -- Billionaire Ronald Perelman and a top New York City art dealer have traded lawsuits over several artworks including a sculpture of Popeye by Jeff Koons.
The Revlon mogul and Larry Gagosian (gah-GOH'-zee-ahn) filed the dueling lawsuits within hours of each other in Manhattan State Supreme Court.
Perelman's suit says Gagosian didn't inform him of a secret deal with Koons that would have guaranteed the art dealer substantial profits. He claimed that deal hurt his ability to resell "Popeye" at a substantial profit.