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whatsapp founder lawsuit young collectors old art morning links 1234755743

WhatsApp cofounder Jan Koum has filed a lawsuit against interior designer Remi Tessier, alleging a pattern of fraud including inflated prices and undisclosed commissions. One example involves a $7.8 million Picasso painting where Tessier allegedly received a $600,000 secret commission from the gallery. Separately, the National Museum of Korea faced backlash after posting a photo of its director with music executive Bang Si-hyuk, who is under criminal investigation for alleged stock fraud. The article also reports that Sotheby's has appointed Evelyn Lin as Asia chairman of modern and contemporary art, and that global auction sales of Old Masters rose 24% in the first half of 2025, with younger collectors increasingly buying old paintings.

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whatsapp founder lawsuit young collectors old art morning links 1234755743

The National Museum of Korea faces backlash after posting a photo of its director Yoo Hong-jun with Bang Si-hyuk, a music executive under criminal investigation for alleged stock fraud. Separately, WhatsApp cofounder Jan Koum has filed a lawsuit against interior designer Remi Tessier, accusing him of inflating prices and secretly receiving a $600,000 commission on a $7.8 million Picasso painting. The article also reports on Sotheby's appointing Evelyn Lin as Asia chairman of modern and contemporary art, and explores why younger collectors are increasingly buying Old Masters, with Frieze Masters director Emanuela Tarizzo attributing the trend to a generational wealth transfer from Boomers to Millennials.

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acquavella and nahmad contemporary billionaire jan koum 1234755775

WhatsApp co-founder Jan Koum has filed a lawsuit against interior designer Remi Tessier, alleging that Tessier inflated prices and misrepresented the quality and origin of luxury goods purchased on his behalf, including several artworks. Koum hired Tessier for nine projects, including residences in the US and Europe and two superyachts. The suit claims Tessier received kickbacks on art purchases, including a $7.8 million Picasso painting, and a judge has granted discovery orders against three galleries—Acquavella Galleries, Nahmad Contemporary, and Perrotin New York—to produce records and testimony. Koum intends to use the evidence to file a criminal complaint against Tessier in France.

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