This was extended to May 8 at Schiff's request. She promised to pay the remaining $1.8million owed by March 26 this year. The trio sold the work at Sotheby's in Hong Kong in December 2022 and Schiff swiftly pocketed her 10 percent commission, before transferring $450,000 to the plaintiffs, the suit states. In April 2021, Barasch bought a 50 percent stake in the work and Grossman and his spouse, who is not named, each acquired 25 percent, the suit says. It also alleges that Schiff rents a New York apartment in Tribeca at $25,000 per month, a 'luxury apartment in the legendary Colonial House Apartment complex in West Hollywood - where Bette Davis once lived', and enjoys 'international first class travel with concierge services and limousine services, including vacations at five-star hotels'.Īccording to the complaint, Barasch learned of The Uncle 3 through Schiff while it was on display at the State Hermitage Museum in St Petersburg, Russia, in 2019. Schiff regularly spent 'tens of thousands of dollars at a time on couture clothing and accessories, and making jewelry purchases of $20,000 at a time', the complaint says. It was during these trips that the heiress learned of her friend's 'lavish lifestyle', the suit claims. Schiff is alleged to have defrauded Barasch and fellow plaintiff Richard Grossman by refusing to pay fees owed following the sale of Adrian Ghenie's The Uncle 3 (above) for $2.5million
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