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Latest Perelman Subpoena Accuses Gagosian of Price Manipulation With Mugrabi

Perelman. COURTESY WIKIPEDIA

Ron Perelman.

WIKIMEDIA

The New York Post reports that the latest documents in Ron Perelman’s lawsuit against Larry Gagosian allege THAT the dealer colluded with José Mugrabi to raise the price of a Cy Twombly painting that Perelman wanted to buy.

Perelman was reportedly told he could have the painting for $8 million, but then told it had already been sold. Gagosian then allegedly came back a few months later to say Perelman could have the work for $11.5 million. In the meantime, Perelman says, Mugrabi owned the painting.

The accusation shows a larger scope to the lawsuit, which previously had been a dispute over works by Jeff Koons.

Read more at the New York Post.

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