The latest story of Alberto Giametti's “nose”, sculptures from 1965 valued at $ 80 million, is very stormy. The dispute around work broke out a few months ago.
According to rp.pl, the key figure in the case is Sydney Xiong Zihan, a Suna employee who helped him buy a sculpture in 2021.
It is she who is in the center of the current dispute and the lawsuit that Justin Sun filed last month at the New York court. The investor accuses his employee that She stole the work, and then, unlawfully, sold it to David Geffen. In the lawsuit informs that The woman was to counterfeit his signatures and fake all documentation with the help of lawyers and various experts. All this to collect the commission for the transaction.
We learn the details about the transaction in the claim. SUN informs that Xiong was to mention “nose” for two paintings from the Geffen collection with a total value of $ 55 million. and $ 10.5 million in cash. This means that the total value of the transaction was “only $ 65.5 million, which gives us an amount much lower than the aforementioned $ 80 million, i.e. the amount recognized as the” market value “of the said work. 80 million dollars is also the amount Sun expected for the sculpture.
In response to all this confusion, Geffen's representative states that Sun and Xiong sue his client after an unsuccessful attempt to sell the above -mentioned images. The works they received as part of the exchange for the work of Giametti. In this way, they try to force his client to withdraw from the sales contract.
He emphasizes that the chances are small for this, because “the dissatisfaction with the transaction is not the basis for the claim.”
“The dissatisfaction of the seller from the transaction cannot be the basis of the lawsuit,” says the lawyer of the American billionaire.
