Halsey Minor Sells Off His Art Collection
Minor isn't quite out of the financial woods yet. Last month Sotheby's won a $6.6 million judgment against Minor after they sued for breach of contract ($4.4 million to the auction house plus another $2.2 million in interest and related fees). Minor has asserted that the auction house had failed to disclose an ownership interest in one work and he had not gotten a fair deal. He plans to appeal the the judgment. He is also battling Christie's saying that the auction house mishandled a consignment involving art by Prince. Christie's has also sued Minor over default on payments for $13 million worth of art bought at auction.