Art dealer sells painting for Nuns for $2.2M

By | February 20, 2009

http://emsworth.files.wordpress.com/2008/10/tarbell-across-the-room-at-met2.jpgAn art dealer who bought a painting from an upstate convent for $450,000 and then immediately resold it for $2.2 million says it’s not his fault nuns are bad business people.

Alleged sister stiffer Mark Zaplin said he had no obligation to tell the Daughters of Mary Mother of Our Savior, outside Albany, that the painting he was buying from them in 2006 was actually worth far more.

“A buyer owes no duty to advise a seller that the seller should raise its price,” Zaplin’s lawyer, Tom Chase, said in papers filed in Albany County Court.

“That’s an excellent defense,” quipped the nuns’ lawyer, Bruce Goldstone. “They’re blaming the nuns for being too trusting.”

The convent charges Zaplin conspired with art appraiser Mark Lasalle to cheat them out of $1.75 million. Lasalle had appraised an 1889 painting donated to the nuns as being worth between $350,000 and $450,000, when he knew its worth was closer to $2 million, the sisters’ suit says.

via ART DEALER SELLS PAINTING BOUGHT FROM UPSTATE N.Y. CONVENT FOR $2.2M – New York Post.

No, that’s not the painting in question, but it is from the same year…

Category: Art

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