Vasari Art Codex

trending_up market schedule May 8, 2025 visibility 1 link 12 artists, 1 gallery

justin sun responds david geffen counter response giacometti 2642004

Hong Kong crypto entrepreneur and art collector Justin Sun has filed a new 100-page legal response in his ongoing lawsuit against megacollector David Geffen over Alberto Giacometti's sculpture *Le Nez* (1949/1965). Sun claims his employee Xiong Zihan Sydney stole the $78.4 million artwork—which he bought at Sotheby's New York in 2021—and sold it to Geffen without his knowledge. Geffen counters that Sun is experiencing "seller's remorse" and that the lawsuit is a sham. Sun's latest filing alleges that Geffen paid $2 million "under the table" to dealers David and Cole Tunkl to secure the piece, and reveals that Xiong has been detained in China since February at the Dezhou Detention Center.

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trending_up market schedule May 14, 2025 visibility 4 link 4 artists

giacometti bust fails to sell at sothebys may 2025 sale 1234742177

A 1955 bronze bust by Alberto Giacometti, estimated at $70 million, failed to sell at Sotheby's modern evening auction in New York on May 13, 2025. The sculpture, from the estate of real estate magnate Sheldon Solow, was offered without a guarantee and bidding reached $64 million before the lot was pulled after four minutes, likely because the reserve price was set above that amount. Auctioneer Oliver Barker presided over the sale, which Sotheby's CEO Charles Stewart described as an organic auction moment despite the lack of a sale.

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trending_up market schedule May 9, 2025 visibility 2 link 1 artist

justin sun david geffen feud heats up 1234741811

Crypto billionaire Justin Sun and entertainment mogul David Geffen are locked in an escalating legal battle over Alberto Giacometti's sculpture *Le Nez*. Sun purchased the work for $78.4 million at Sotheby's in 2021, but claims his former art adviser Sydney Xiong fraudulently sold it to Geffen for $10.5 million in cash and two paintings, using forged documents and fictitious lawyers. Sun filed suit in New York in February; Geffen countersued in April, calling the allegations "bizarre and baseless" and accusing Sun of "seller's remorse." Sun's legal team now asserts that Xiong has been detained in China since February, while Geffen's camp points to inconsistencies in Sun's story and his broader financial and legal troubles.

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trending_up market schedule May 13, 2025 visibility 1 link 2 artists

Justin Sun and David Geffen's legal feud over $78m Giacometti sculpture expands

Crypto billionaire Justin Sun and entertainment mogul David Geffen are escalating their legal dispute over Alberto Giacometti's sculpture *Le Nez* (1947), valued at $78.3 million. Sun alleges that his former art adviser, Sydney Xiong, sold the sculpture to Geffen without authorization using forged documents and fake lawyers, and that Xiong is now detained in China. Geffen countersues, calling Sun's claims "bizarre and baseless," pointing to inconsistencies in Sun's story and his financial troubles.

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