Perelman, Gagosian Gallery Sue Each Other Over Art Sales

Bloomberg - Ronald Perelman and Gagosian Gallery Inc. sued each other over payment for the billionaire’s purchases of contemporary art.

Perelman twice failed to pay an agreed-upon price after delivery of a sculpture and a painting and refused to meet a payment schedule for an unfinished sculpture, according to a lawsuit filed today by the New York-based gallery in New York State Supreme Court in Manhattan.  Read more.