Wildenstein & Co. v. Wallis
New York Court of Appeals
1Opinion of the Court
OPINION OF THE COURT
Bellacosa, J.
Wildenstein & Co., a dealer in fine art, seeks relief under a settlement agreement between itself and Hal Wallis, now deceased, pursuant to which Wildenstein returned to Wallis in 1982 two valuable paintings, Monet’s "Houses of Parliament” and Gauguin’s "The Siesta — A Brittany Landscape”. In exchange, the agreement gave Wildenstein preemptive and exclusive consignment rights with respect to 15 original paintings by renowned artists in Wallis’s collection. Wildenstein’s lawsuit, begun in the United States District Court for the Southern District of New York,…
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