Litigation
Oct. 19, 2011
Artists accuse auction house of keeping royalties
A group of visual artists alleges Christie's Inc. has repeatedly failed to pay them a five percent resale royalty as required by California law.
By Erica E. Phillips Daily Journal Staff Writer LOS ANGELES - Leveraging a little-known California law, a group of celebrated visual artists and their heirs are demanding that the world's most famous fine-art auction houses make good on what could be a massive debt. In two class-action complaints against Christie's Inc. and Sotheby's Inc., large-scale portraitist Chuck Close, mixed-media artist La...
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