Legal

The socialite collectors, the $700,000 Cecily Brown painting and the first-refusal contract—lawsuit reveals secret machinations of the art world

Chinese collector Michael Xufu Huang was covertly buying works on behalf of the Monaco-based Federico Castro Debernardi for a 10% commission. But then he got stung

Douglas Chrismas arrested for allegedly embezzling over $260,000 from Ace Gallery’s bankruptcy estate

Chrismas, who founded the Los Angeles gallery in 1967, is accused of embezzling the funds while acting as the estate’s trustee and custodian