Justin Sun’s cryptocurrency pole began a legal action against the musician and producer of David Given to conduct controversial treatment with regard to sculpture Alberto Giakometi.
The case includes one of the most famous artist’s works and raises questions about the transparency of prominent art sales.
“Le Nez” and art market: The Case Justin Sun vs David Geffen
According to the complaint of Justin Sun, the businessman agreed to buy sculptures “If Niz” Written by Alberto Giakometi 78 million dollars.
Work, creative representation Existential aesthetic From Giacometti, he was in the possession of David Given, the well -known art mosque and founder of Geffen Records.
Sun claims that she has ended the agreement with a broker and paid a Deposit $ 2.5 million.
However, according to its copy, Jeffen Withdraw the offer at the last minuteInstead selling the work to another buyer at a higher price.
This decision led to a lawsuit to Violazione Del Contratto and Dano Economy.
Alberto Giakomei’s works are among the most required works in the art market. In 2015, his statue “L’homme au doigt” It has been sold 141.3 million dollarsSet a sculpture record at the auction.
Even “LE Nez” has a prominent history, as it was shown in international museums and is considered one of the most important works of the Swiss artist.
The agreed price of $ 78 million reflects the value that the market attributes to Giacometti, but the conflict between Sun and Geffen highlights Complex volatility and dynamics One of the private sales in the art sector.
The role of brokers in art sales
The lawsuit filed by Justin Sun raises a decisive question: How reliable are brokers in technical transactions?
Sun claims to negotiate the purchase through a broker, but without interacting directly with the David Geffen.
These details are necessary, as in the art market negotiations often take place through third parties, which leaves room for misunderstanding or changes in the strategy by sellers.
If Given receives a higher offer than another buyer, he may decide to accept it without considering himself obligated to agree with Sun.
However, Sun’s complaint claims that the commitment has already been done and that the sale should have been completed.
David Jeffen is a known name in the world of assembly. Over the years, he possesses the works of artists like Jackson Bullock, Mark Rothco, Willim de KoningSell ​​some of the most expensive pieces in the history of art.
Therefore, his participation in this controversy is not surprising, given that high -level private sales often attract more buyers ready to raise bids.
If Jeffen decides to sell “Le Nez” to another buyer, he might have done so because the offer was more useful or because he believed that the agreement with Sun was not final.
Justin Sun, on the other hand, is also a mosque that began to make a name for himself after the comedian purchased by Mauricio Katilan for $ 6.2 million.
Legal effects of the conflict
The lawsuit filed by Justin Sun is based on the accusation of violating the contract. The central issue is whether the agreement is legally obligated or if it is just a preliminary negotiation.
In the art market, many sales occur with Accordi Blipali Or via e -mail, but these exchanges do not always constitute a legally valid contract.
If Sun was able to prove that the agreement was final and that Given acted in bad faith, he may get compensation for the damage she suffered.
However, if Given proves that the sale was not adding
Justin Sun is famous for his activities in the encrypted currency sector, as he is a founder You see An active investor in the NFT market.
In recent years, there has been increasing interest in traditional art and buying works before Picasso and melting.
His participation in the dispute over “Le Nez” indicates that he does not see art not only an investment, but also as a sector to unify its existence.
Thus, the controversy with David Given can be a sign of his willingness to establish himself as a high -level gathering.
Conflict Justin Sun and David Given It highlights the complexities of prominent technical transactions. On the one hand, the coded currency market is known as its volatility, the art world also offers unexpected dynamics.
The issue is important Clear and binding contracts To avoid conflicts, especially when the great economic and cultural value works are at stake.
