{"id":30822,"date":"2018-10-30T16:07:27","date_gmt":"2018-10-30T20:07:27","guid":{"rendered":"https:\/\/rehs.com\/eng\/?p=30822"},"modified":"2024-02-26T01:38:22","modified_gmt":"2024-02-26T06:38:22","slug":"drama-at-the-upper-levels-of-the-art-market-cont","status":"publish","type":"post","link":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/","title":{"rendered":"Drama At The Upper Levels Of The Art Market&#8230; cont."},"content":{"rendered":"<p>Back in our <a href=\"https:\/\/rehs.com\/newsletterarchives.htm?newsletter_no=222\">Volume 209 Comments on the Art Market<\/a>,\u00a0 we briefly touched upon a suit filed against Gagosian Gallery by contemporary art collector, Steve Tananbaum.\u00a0 According to multiple reports, Tananbaum purchased 3 works by Jeff Koons through Gagosian&#8230; after several years and delivery extensions have yet to be delivered.<\/p>\n<p>Since then,\u00a0Tananbaum has switched lawyers and filed another suit; Gagosian responded with a motion to dismiss. Gagosian claims that Koons is a \u201cperfectionist\u201d and that the estimated delivery dates are \u201coften extended by multiple years.\u201d Furthermore, after Tananbaum\u2019s original purchase of\u00a0<em>Magenta Balloon Venus<\/em>, back in September 2013, and a 2+ year extension on the estimated completion date, Tananbaum agreed to purchase two more works with an \u201cestimated\u201d delivery date.<\/p>\n<p>Tananbaum&#8217;s new lawyer states: \u201cGagosian\u2019s tactics of selling multiple works for millions of dollars and then picking and choosing whether or not to deliver them on time, are unfair to buyers,\u201d and \u201cFor Mr. Tananbaum this lawsuit is a matter of principle.\u201d<\/p>\n<p>\u2026I guess the delivery dates will remain, TBD.<\/p>\n<p>&nbsp;<\/p>\n<p>Source:\u00a0<a href=\"https:\/\/news.artnet.com\/art-world\/gagosian-jeff-koons-collector-suit-1373521\" target=\"_blank\" rel=\"noopener\">Gagosian to an Angry Collector Who Paid Millions for Jeff Koons Sculptures That Never Arrived: You Can\u2019t Rush a Perfectionist<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Back in our Volume 209 Comments on the Art Market,\u00a0 we briefly touched upon a suit filed against Gagosian Gallery by contemporary art collector, Steve Tananbaum.\u00a0 According to multiple reports, Tananbaum purchased 3 works by Jeff Koons through Gagosian&#8230; after &hellip; <a href=\"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/?contemporary=N\">More&#8230;<\/a><\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[385,403,404,386],"class_list":["post-30822","post","type-post","status-publish","format-standard","hentry","category-rehs-contemporary","tag-crime","tag-gagosian","tag-koons","tag-tales-from-the-dark-side"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.7 (Yoast SEO v27.7) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Drama At The Upper Levels Of The Art Market... cont<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Drama At The Upper Levels Of The Art Market... cont.\" \/>\n<meta property=\"og:description\" content=\"Back in our Volume 209 Comments on the Art Market,\u00a0 we briefly touched upon a suit filed against Gagosian Gallery by contemporary art collector, Steve Tananbaum.\u00a0 According to multiple reports, Tananbaum purchased 3 works by Jeff Koons through Gagosian&#8230; after &hellip; More...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/\" \/>\n<meta property=\"og:site_name\" content=\"Rehs Galleries\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/RehsGalleriesInc\" \/>\n<meta property=\"article:published_time\" content=\"2018-10-30T20:07:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-26T06:38:22+00:00\" \/>\n<meta name=\"author\" content=\"Alyssa Rehs\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alyssa Rehs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2018\\\/10\\\/drama-at-the-upper-levels-of-the-art-market-cont\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2018\\\/10\\\/drama-at-the-upper-levels-of-the-art-market-cont\\\/\"},\"author\":{\"name\":\"Alyssa Rehs\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/7d5c885d99ebbdc550c692bb4595262b\"},\"headline\":\"Drama At The Upper Levels Of The Art Market&#8230; cont.\",\"datePublished\":\"2018-10-30T20:07:27+00:00\",\"dateModified\":\"2024-02-26T06:38:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2018\\\/10\\\/drama-at-the-upper-levels-of-the-art-market-cont\\\/\"},\"wordCount\":203,\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"keywords\":[\"crime\",\"gagosian\",\"koons\",\"tales from the dark side\"],\"articleSection\":[\"Rehs Contemporary\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2018\\\/10\\\/drama-at-the-upper-levels-of-the-art-market-cont\\\/\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2018\\\/10\\\/drama-at-the-upper-levels-of-the-art-market-cont\\\/\",\"name\":\"Drama At The Upper Levels Of The Art Market... cont\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#website\"},\"datePublished\":\"2018-10-30T20:07:27+00:00\",\"dateModified\":\"2024-02-26T06:38:22+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2018\\\/10\\\/drama-at-the-upper-levels-of-the-art-market-cont\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/rehs.com\\\/eng\\\/2018\\\/10\\\/drama-at-the-upper-levels-of-the-art-market-cont\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/2018\\\/10\\\/drama-at-the-upper-levels-of-the-art-market-cont\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/rehs.com\\\/eng\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Drama At The Upper Levels Of The Art Market&#8230; cont.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#website\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/\",\"name\":\"Rehs Galleries\",\"description\":\"Offering and acquiring high quality paintings in excellent condition. Family owned and operated for more than 80 years!\",\"publisher\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/rehs.com\\\/eng\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#organization\",\"name\":\"Rehs Galleries\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2015\\\/02\\\/indexlogo.jpg\",\"contentUrl\":\"https:\\\/\\\/rehs.com\\\/eng\\\/wp-content\\\/uploads\\\/2015\\\/02\\\/indexlogo.jpg\",\"width\":153,\"height\":85,\"caption\":\"Rehs Galleries\"},\"image\":{\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/RehsGalleriesInc\",\"https:\\\/\\\/x.com\\\/rehsgalleries\",\"https:\\\/\\\/www.instagram.com\\\/rehsgalleries\\\/?hl=en\",\"https:\\\/\\\/www.facebook.com\\\/rehscontemporary\\\/\",\"https:\\\/\\\/twitter.com\\\/rehscgi\",\"https:\\\/\\\/www.instagram.com\\\/rehscontemporary\\\/?hl=en\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/rehs.com\\\/eng\\\/#\\\/schema\\\/person\\\/7d5c885d99ebbdc550c692bb4595262b\",\"name\":\"Alyssa Rehs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/76bd1c72e39bd3d03afa423becbf33cf5fdf04abbc71db19ff7ce841ff6636a1?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/76bd1c72e39bd3d03afa423becbf33cf5fdf04abbc71db19ff7ce841ff6636a1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/76bd1c72e39bd3d03afa423becbf33cf5fdf04abbc71db19ff7ce841ff6636a1?s=96&d=mm&r=g\",\"caption\":\"Alyssa Rehs\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Drama At The Upper Levels Of The Art Market... cont","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/","og_locale":"en_US","og_type":"article","og_title":"Drama At The Upper Levels Of The Art Market... cont.","og_description":"Back in our Volume 209 Comments on the Art Market,\u00a0 we briefly touched upon a suit filed against Gagosian Gallery by contemporary art collector, Steve Tananbaum.\u00a0 According to multiple reports, Tananbaum purchased 3 works by Jeff Koons through Gagosian&#8230; after &hellip; More...","og_url":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/","og_site_name":"Rehs Galleries","article_publisher":"https:\/\/www.facebook.com\/RehsGalleriesInc","article_published_time":"2018-10-30T20:07:27+00:00","article_modified_time":"2024-02-26T06:38:22+00:00","author":"Alyssa Rehs","twitter_misc":{"Written by":"Alyssa Rehs","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/#article","isPartOf":{"@id":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/"},"author":{"name":"Alyssa Rehs","@id":"https:\/\/rehs.com\/eng\/#\/schema\/person\/7d5c885d99ebbdc550c692bb4595262b"},"headline":"Drama At The Upper Levels Of The Art Market&#8230; cont.","datePublished":"2018-10-30T20:07:27+00:00","dateModified":"2024-02-26T06:38:22+00:00","mainEntityOfPage":{"@id":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/"},"wordCount":203,"publisher":{"@id":"https:\/\/rehs.com\/eng\/#organization"},"keywords":["crime","gagosian","koons","tales from the dark side"],"articleSection":["Rehs Contemporary"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/","url":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/","name":"Drama At The Upper Levels Of The Art Market... cont","isPartOf":{"@id":"https:\/\/rehs.com\/eng\/#website"},"datePublished":"2018-10-30T20:07:27+00:00","dateModified":"2024-02-26T06:38:22+00:00","breadcrumb":{"@id":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/rehs.com\/eng\/2018\/10\/drama-at-the-upper-levels-of-the-art-market-cont\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/rehs.com\/eng\/"},{"@type":"ListItem","position":2,"name":"Drama At The Upper Levels Of The Art Market&#8230; cont."}]},{"@type":"WebSite","@id":"https:\/\/rehs.com\/eng\/#website","url":"https:\/\/rehs.com\/eng\/","name":"Rehs Galleries","description":"Offering and acquiring high quality paintings in excellent condition. Family owned and operated for more than 80 years!","publisher":{"@id":"https:\/\/rehs.com\/eng\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/rehs.com\/eng\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/rehs.com\/eng\/#organization","name":"Rehs Galleries","url":"https:\/\/rehs.com\/eng\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/rehs.com\/eng\/#\/schema\/logo\/image\/","url":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2015\/02\/indexlogo.jpg","contentUrl":"https:\/\/rehs.com\/eng\/wp-content\/uploads\/2015\/02\/indexlogo.jpg","width":153,"height":85,"caption":"Rehs Galleries"},"image":{"@id":"https:\/\/rehs.com\/eng\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/RehsGalleriesInc","https:\/\/x.com\/rehsgalleries","https:\/\/www.instagram.com\/rehsgalleries\/?hl=en","https:\/\/www.facebook.com\/rehscontemporary\/","https:\/\/twitter.com\/rehscgi","https:\/\/www.instagram.com\/rehscontemporary\/?hl=en"]},{"@type":"Person","@id":"https:\/\/rehs.com\/eng\/#\/schema\/person\/7d5c885d99ebbdc550c692bb4595262b","name":"Alyssa Rehs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/76bd1c72e39bd3d03afa423becbf33cf5fdf04abbc71db19ff7ce841ff6636a1?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/76bd1c72e39bd3d03afa423becbf33cf5fdf04abbc71db19ff7ce841ff6636a1?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/76bd1c72e39bd3d03afa423becbf33cf5fdf04abbc71db19ff7ce841ff6636a1?s=96&d=mm&r=g","caption":"Alyssa Rehs"}}]}},"_links":{"self":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts\/30822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/comments?post=30822"}],"version-history":[{"count":1,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts\/30822\/revisions"}],"predecessor-version":[{"id":51136,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/posts\/30822\/revisions\/51136"}],"wp:attachment":[{"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/media?parent=30822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/categories?post=30822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rehs.com\/eng\/wp-json\/wp\/v2\/tags?post=30822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}