Pursuits
N.Y. Art Gallery Owner Gagosian Wins End to Perelman Suit
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Art gallery owner Larry Gagosian won dismissal of a lawsuit accusing him of tricking longtime friend and billionaire Ronald Perelman into buying a $4 million Jeff Koons sculpture called “Popeye.”
Perelman, ranked 54th in the Bloomberg Billionaires Index with a net worth of $15.2 billion, alleged that Gagosian “took advantage of his position of trust” as a longtime friend to induce him to buy the granite sculpture of the cartoon character, according to court filings.