Miami, Florida (GenevaLunch) – Artworks worth some $6 million were confiscated by US federal marshals at Art Basel Miami Beach shortly before the VIP opening Thursday 3 December, to settle an insurance dispute. The paintings, including works by Joan Miro and Edgar Degas, were part of the booth belonging to one of Zurich’s well-known art galleries, Gmurzynska. The art fair told Bloomberg it was the first time artworks have been seized for a court case. By later in the day the two parties said they had settled the dispute and the art would be back on Friday, but no details were provided.
The gallery has been in a dispute with former Wall Street raider Asher Edelman over a painting he loaned the gallery for the 2007 Miami fair, the largest contemporary art show in the US.
