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Case Summary

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seller of an artwork when it investigated the buyer’s post-sale claim that the work was inauthentic, and thereafter, rescinded the sale.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 . . . .

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