Greenwood v. Koven
Greenwood v. Koven, 92-cv-2574 (S.D.N.Y. 1993), on reconsideration, 880 F. Supp. 186 (S.D.N.Y. 1995).
In this important matter of first instance, a New York federal court considered whether a prominent auction house violated its duty of loyalty to the seller of an artwork when it investigated the buyer’s post-sale claim that the work was inauthentic, and thereafter, rescinded the sale. The court found that the auction house had acted . . . .