A Million-Dollar Lawsuit Uncovers Backdoor Art World Contracts
The collector Michael Xufu Huang has sued another collector in a Miami court over a deal that was supposed to help them both.
The collector Michael Xufu Huang in 2016.
Photographer: Sean Drakes/LatinContent EditorialA lawsuit has dragged the discreet negotiations of the top-tier primary art market into the public spotlight.
According to the suit, Michael Xufu Huang, a prominent Chinese art collector and socialite, had a financial agreement with Monaco-based Argentinian collector Federico Castro Debernardi.