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barbara guggenheim abigail asher lawsuit

Barbara Guggenheim Associates, Inc., a New York art advisory firm, is embroiled in legal conflict after founder Barbara Guggenheim and her longtime associate Abigail Asher filed dueling lawsuits in the Supreme Court of the State of New York. Guggenheim’s suit, filed in August but only recently reported by Artnet News, accuses Asher of diverting some $20.5 million in firm revenue for personal expenses, including rent, dinner bills, and home repairs, and alleges Asher wrongfully kept commissions from a Jean-Michel Basquiat artwork. Asher countersued, accusing Guggenheim of bullying, gaslighting, and using firm funds for personal costs like funeral expenses and luxury vehicles, while denying the financial misconduct claims. The lawsuits also involve the firm’s CPA, Robert Mandeltort, and Asher’s assistant, Jessica Lewis.

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Art sales surge with artists like Picasso and Warhol in demand: Guggenheim

Art sales are surging after a two-year slump, according to prominent Canadian art advisor Barbara Guggenheim, CEO of Barbara Guggenheim Associates. In an interview with BNN Bloomberg, Guggenheim noted that collectors are now prioritizing quality, seeking established artists like Picasso and Warhol, and that fresh-to-market works are attracting strong bids. Recent record-breaking sales include Frida Kahlo's self-portrait for $54.7 million and Gustav Klimt's 'Portrait of Elisabeth Lederer' for $236.4 million at Sotheby's. The middle market remains robust, with works like Stuart Davis's 'Municipal' selling for $1.5 million, while lower-priced pieces under $30,000 are harder to guarantee as investments.