Phillips Auctioneers filed a lawsuit against a third-party guarantor who had agreed to buy the painting at a set price if it did not sell for more at auction.
After Not Paying for $14.5 Million Pollock, an Art Collector Is Sued
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Phillips Auctioneers filed a lawsuit against a third-party guarantor who had agreed to buy the painting at a set price if it did not sell for more at auction.