Collector Sues David Geffen to Reclaim a Sculpture Worth Millions

Crypto Tycoon Sues David Geffen over Alleged Art Fraud Involving $78 M. Giacometti

In the latest blue-chip art world lawsuit, Hong Kong–based cryptocurrency mogul Justin Sun is suing billionaire collector David Geffen for the return of an Alberto Giacometti sculpture, Le Nez, claiming it was sold out from under him by a rogue art adviser in an elaborate scheme of forged signatures and fictitious lawyers. Sun, who purchased the Le Nez at Sotheby’s for $78.4 million in 2021, alleges that his former adviser, Xiong Zihan Sydney,…

Collector Sues David Geffen to Reclaim a Sculpture Worth Millions

An art collector is suing David Geffen for the return of a valuable Giacometti sculpture that the collector says was sold without his knowledge by his art adviser as part of an elaborate fraud. In the court papers filed Tuesday in federal court in Manhattan, Justin Sun, a Hong Kong-based cryptocurrency entrepreneur and art collector, said the Giacometti sculpture, titled “Le Nez,” for which he had paid $78.4 million, was stolen from him and sold…