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Bust of a Woman Displayed at MOMA, Disputed in N.Y. Court

  • Gagosian fighting European challenge to sculpture's ownership
  • New York judge being asked to determine the rightful owner

Pablo Picasso’s 1931 sculpture Bust of a Woman, currently on display at New York’s Museum of Modern Art, has also taken center stage in a Manhattan court in a dispute over its ownership.

Art gallery owner Larry Gagosian says he agreed to buy the sculpture of Picasso’s mistress and model, Marie-Therese Walter, for $106 million last year and has a new buyer lined up for the work of art. Gagosian’s deal is being jeopardized by a claim from Pelham Europe Ltd., founded by Guy Bennett, former international head of the Impressionist and modern art evening sales at Christie’s International Plc.