Update - Halsey Minor Suits

Halsey Minor the Internet entrepreneur who is suing both Sotheby's and Christies in now being sued by Christie's for failure to pay for $7 million in paintings he bid on in July. Christie's is suing Minor for "fraud, negligent misrepresentation, and breach of contract."

According to the Charlottsville Hook, the auction house’s attorneys allege that Minor did not have $7 million to spend when he bid on the paintings last summer.

“Minor did not have sufficient resources to pay for the Artworks at the time of the bidding,” the Christie’s complaint alleges, “and further, that Minor knew that he did not have sufficient resources to pay for the Artworks at the time of the bidding, and that he would not have such resources at the time the payment was due.”

The suit is a counter to a claim Minor filed in December that alleged Christie’s had held on to paintings he handed them to sell for longer than he wished, resulting in their depreciation.

The two Minor lawsuits against Sotheby's and Christie's were previously mentioned on the AW Blog, click HERE and HERE to read. In the Sotheby's suit Minor claims Sotheby's did not release information that it had an interest in a painting he purchased, a record price for Edward Hicks' "The Peaceable Kingdom With the Leopard of Serenity" (see image). Minor is suing Christie's for not returning property he was interested in selling in a timely manner, and since the market has fallen considerable, he is claiming damages. A lot of money is involved in all of these suits, as well as in the dollar of amounts of the art.

To read the Hook article, click HERE.