Maine Antique Digest (David Hewett) addendum to their 2008 publication :

What's Blocking the Successful Sale of a Klimt Drawing (08/25/09)


What's Blocking the Successful Sale of a Klimt Drawing
by David Hewett
We noted in an August 2008 article ("Would-be Seller of Klimt Sues Would-be Buyer for $1.2 Million") that Maggie Wachter, the owner of a Gustav Klimt drawing, had filed a lawsuit against New York City's Quatrochi Art Agents and the moving and storage firm Day & Meyer, Murray & Young Corp. for failing to complete the contract terms for the purchase of the drawing and return it to her.
We have been informed by Paul Quatrochi that any delays in completing the contract have been solely due to the prospective seller. "The provenance of the work was utterly misrepresented by Ms. Wachter [the seller], and had to be entirely deconstructed, employing extensive research, scholars, and governmental authorities. Any purported breach is solely due to the extent of the research my client contracted me to do, as his agent."
Quatrochi added, "We have consistently endeavoured in good faith to return the work to Wachter's counsel, with our offer having been consistently declined. We also have made proposals to buy out Wachter's interest, with no reply."
About the lawsuit, Quatrochi said, "I should also clarify that the action was levied against a dormant [New York state] corporation, and not me personally-the corporation having been closed now for some time. Such conduct has baffled me and my attorneys, and perhaps Wachter ought to rethink her choice of counsel."
Originally published in the September 2009 issue of Maine Antique Digest. (c) 2009 Maine Antique Digest
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