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conditional authenticity appraisal reports recent cases 1234743745

A Paris court seized 135 allegedly stolen paintings from Paris-based art authenticators ArtAnalysis in January, which had been holding the works for collector Mozes Frisch. The pieces are part of a 1,778-work collection supposedly by heavyweight Russian modernists. Palestinian businessman Uthman Khatib and his son Prince Castro Ben Leon claim the works were stolen from them by Frisch in 2019, and are suing in Germany for return of the works or $323 million. ArtAnalysis owner Laurette Thomas, Frisch, and collector Olivia Amar are countersuing Khatib for return of the Paris-held works plus $30.5 million in damages. The Khatibs' law firm Dentons hired Doerr Dallas Valuations to appraise the 135 disputed works, which assigned a $208 million valuation but included a caveat, likely related to the fact that many works were listed on the Art Loss Register in 2014 during an investigation into disgraced Israeli art dealer Itzhak Zarug, who was suspected of dealing fakes.

family says firm funding its legal battle for stolen paintings sought control of lawsuits 1234749202

The son of late Palestinian businessman Uthman Khatib, Prince Castro Ben Leon, is suing LitFin Capital, the Prague-based litigation funder that financed his family's legal battle to recover 135 Russian avant-garde paintings allegedly stolen by Israeli Russian Mozes Frisch. The paintings, attributed to El Lissitzky, Kazimir Malevich, and Wassily Kandinsky, are valued at $323 million. A Paris court secured the works in January after they were seized from Paris-based authenticators ArtAnalysis, which had been holding them for Frisch. Castro claims LitFin is now refusing to pay legal bills unless it gains control of the lawsuits, violating their funding agreement. LitFin denies the allegations, stating it has always honored its contractual obligations.