NEW YORK—Toronto photography dealer Jane Corkin and New York collector Andrew Klink recently announced the settlement of a legal dispute concerning the value of a photograph by André Kertész (see ANL, 12/21/04). In a joint statement Corkin and Klink said, “The dispute . . . has been settled amicably” and “lawsuits in Ontario and New York are now being dismissed. By commencing legal action, Mr. Klink meant Ms. Corkin no harm but acted out of a genuine concern that he may have acquired a photograph that may not have been what he thought it to be. The photograph is a rare, vintage print by André Kertész entitled Distortion #88. Mr. Klink regrets any embarrassment that this misunderstanding may have caused Ms. Corkin and the Corkin Shopland Gallery.”
The disagreement stemmed from Klink’s purchase of the Kertész photograph from Corkin at the 2003 edition of Art Basel Miami Beach. In a civil suit filed in New York last November, Klink maintained that Corkin had misled him into agreeing to pay $275,000 for a vintage print that was later valued at no more than $50,000/70,000, according to the collector’s statement. Klink said he had rejected an offer from Corkin to refund the amount he’d already paid ($250,000) and sought $825,000 from Corkin in punitive damages.
Afterward Corkin countersued Klink, claiming defamation of character resulting from statements he had made to the Canadian newspaper The Globe and Mail. “Both actions are being dismissed,” Corkin’s attorney Linda Fuerst told ARTnewsletter.