fbpx

Brothers Fight Casino Over a Million Dollar Painting They Never Knew They Had

La BalayeuseA Manhattan estate dispute over an allegedly stolen painting could mean a big loss to a large Las Vegas hotel and casino.

The Bellagio is waiting for the $1.085 million it believed it was owed after selling one of Pierre-Auguste Renoir’s masterworks, once on display in the resort’s art museum.

The painting, “La Balayeuse,” was put up for sale last May by MGM Grand, the company that owns the Bellagio. The painting is described in an auction catalog as a “hushed, intimate scene of a pretty country girl absorbed in her sweeping.” But MGM and the Bellagio are unable to collect because the 1889 Renoir work is at the center of a legal fight.

The painting belonged to the legendary art dealer Sam Salz, his sons Marc and Andre Salz claim in court papers. The brothers say that their father’s widow, Janet Salz, wrongly sold “La Balayeuse” in a Sotheby’s auction in 1999. Steve Wynn, the casino mogul responsible for the creation of the Bellagio, the Wynn, and other grand hotels along the Las Vegas Strip, purchased “
” from Janet Salz and placed it in the Bellagio Gallery of Fine Art. The next year, MGM Grand bought the Bellagio and its artworks from Wynn.

When the Salz brothers heard of last year’s sale of the painting, they claimed that it really belonged to their father’s estate and that the $1.085 million that Christie’s received from the sale is theirs. The battle over the painting is just the most recent in a long-running fight between the Salz sons and the estate of Janet Salz, who died in 2015.

“Janet perpetrated a decades-long scheme to fraudulently conceal certain paintings from [Marc] and his brother, Andre Salz, to their detriment,” the brothers charge in court papers. In the meantime, Christie’s has put the money in escrow until the issue is resolved.

MGM Grand said in a statement that the Salz brothers’ claims are “baseless and without merit.” Similarly, an attorney for Janet’s estate called the claims “meritless.” The brothers settled with Janet in the 1980s over similar claims and cannot be allowed to undo it, the lawyer argued.

The brothers entered into a settlement releasing any and all claims they may have had against Janet in all of her capacities for all time. The two did nothing further for 30 years on any of these claims,” Janet’s estate attorney says in court papers.

Reference: Trust Advisor (April 10, 2017) “Pierre-Auguste Renoir Masterpiece At Center Of Bitter Estate Feud”

 

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

LIKE THIS POST?

We have a LOT more where that came from!

We hate spam too. We will never share or sell your information.

Call Now ButtonCall Us Now https://jsfiddle.net/7h5246b8/

Request a free consultation

We hate spam too. We will never share or sell your information.

We've been putting together as many resources as possible so that we can continue to help:

  • If you’re a current client with a signing appointment or a prospective client with a consultation and would prefer that meeting take place in your own home, we can accomplish that with a little bit of pre-planning on our part and with the addition of a laptop, smartphone, tablet or other computer in your home to facilitate this virtual meeting. For those of you that need to sign legal documents, that too can be accomplished with the use of a webcam (FaceTime etc.), so that we can witness and electronically notarize all of your important legal documents.
  • We launched the rollout of our on-demand webinar early so that new clients and our allied professionals can view the important component parts of ‘an estate plan that works’ at their convenience.  That is available on our website.
  • Live video workshops will be produced as quickly as possible and certainly ahead of our previous schedule; we will keep you posted as these events become available. Given the ‘boutique’ nature of the firm, we rarely have more than ten people in our office including team members at any one time. During this period of ‘social distancing,’ we promise to have no more than 8 people at any time.   This allows us to comply with the Governor’s directive to limit in-person gatherings.
  • The best way to communicate with us is still by phone during regular office hours of 8:30 to 5:00, Monday through Friday, or, you can email any of our team members (that is, their first name followed by @zarembalaw.com).  We will respond to these emails as quickly as possible.
  • Please continue to follow the directives of our local, state, and federal agencies. For your health and in consideration of our team who is assisting you, if you’ve scheduled an office appointment or planned to drop off paperwork and are experiencing a fever, dry cough, or shortness of breath, please contact your primary care doctor for guidance and then our office to reschedule.

Thank you, Walt and the Zaremba Team

Coronavirus/Covid-19
Update to our Process

The unprecedented coronavirus pandemic has taken our entire country by surprise. We understand how difficult this time is for America’s businesses and families.  However, we believe it is vitally important that we make every effort possible to continue to offer solutions that avoid disrupting our important partnership with you, your family and friends.  As you know, estate planning is not something that should wait for a more convenient time, therefore the opportunity to address your important goals both during and after this crisis should not wait.  To that end, we have added the option of a ‘virtual consultation’ to our office process.  You will now have a choice of either meeting with us in our office or in the comfort of your own home.