The Art Newspaper11h
Insurance companies fight $19.7m claim over Basquiat forgeries
The owners of works the FBI seized from the Orlando Museum of Art have filed an eight-figure claim, but the insurers say “coverage is unavailable because… the property was inauthentic”
Insurers balk at $19.7M claim on fake Basquiat paintings seized by FBI
Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings that were seized during an FBI raid at the Orlando Museum of Art in 2022.
Insurers seek to deny millions in claim over Basquiat ‘fakes’
The owners of art dramatically seized by the FBI from a Jean-Michel Basquiat exhibition at Orlando Museum of Art in 2022 now face a legal battle to collect their nearly $20 million insurance claim. The Liberty Mutual and Great American insurance companies are asking for a court ruling,