Insurers balk at $19.7M claim on fake Basquiat paintings seized by FBI

Insurers deny $19.7 million claim for fake Basquiat paintings seized by the FBI. Owners argue they should still pay for failing to verify authenticity

Liberty Mutual Insurance Company and Great American Insurance Company argue the forgeries have no value.

Insurers balk at $19.7M claim on fake Basquiat paintings seized by FBI

Two insurance companies have asked a court to block a $19.7 million claim by owners of more than two dozen forged Jean-Michel Basquiat paintings seized during an FBI raid at

Insurance companies fight $19.7m claim over Basquiat forgeries

The owners of works the FBI seized from the Orlando Museum of Art have filed an eight-figure claim, but the insurers say “coverage is unavailable because… the property was inauthentic”

ART SG Opens, Insurance Firms Refuse $19.7 Million Fake Basquiats Claim, Lux Bathhouse Found in Pompeii: Morning Links for January 17, 2025

To receive Morning Links in your inbox every weekday, sign up for our Breakfast with ARTnews newsletter. The Headlines ART SG’S BEST BOOTHS… AND WHAT ABOUT FRIEZE LA? ART SG has opened and Karen K. Ho for ARTnews gives us her picks for best booths. But first, what’s the word on the aisles of the Marina Bay Sands Convention Center? The number of galleries in the third edition of the Southeast Asian fair is lower than last year, but the same d…