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Portrait Of A Renaissance Gentlemen Analysis

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To: SMORGA Board of Trustees
From: Audrey Soria, Museum Official
Re: Ownership dispute over “Portrait of a Renaissance Gentleman”
Date: February 24, 2016
As you are aware, the situation involving the painting, “Portrait of a Renaissance Gentleman,” has grown very contentious and requires the attention of the board. Currently, the painting is on loan to us from Really Big Museum until December 1, 2020. The painting is owned by Mr. Collector. However, it appears he purchased this painting at auction and is unprovenanced. The ambiguous origins of the painting have led to this dispute. We need to consider all the factors so that we may act prudently and facilitate a positive outcome.
(1) Events were set in motion with a letter dated January …show more content…
Mrs. Jones is the daughter of the original owners, claims she has searched for the painting by visiting museums, and would like the painting returned to her. She is threatening to sue us if we do not give her the painting. Mrs. Jones has three siblings and their interests have been expressed by her nephew, George Smith. He claims the proceeds of the painting should be divided between the siblings. He is threatening to sue us if we do not give him the painting. Mr. Collector purchased the painting in 1988 for $250,000 and wants to keep his painting. He is threatening to sue us if we give the painting to someone else and is threatening to the sue the auction house if it turns out the painting is stolen. Mr. Collector loaned the painting to RBM, which loaned it to us. If the painting is not returned to RBM at the end of the loan agreement they are threatening to sue for $2 million, which they claim is the market …show more content…
For instance, Mr. Collector is claiming that Mrs. Jones’ statute of limitations ran out to recover her painting, if it is in fact her family’s painting. Mrs. Jones claims that although she was unable to find her painting she never stopped looking. Do her efforts qualify as adequate due diligence? If the painting was hidden behind a dresser it may be determined it was impossible for her to recover it before this time. Is the Impressive Auction House liable for selling a potentially stolen painting to Mr. Collector? Is Mr. Collector responsible for purchasing a painting without provenance? These legal question are complex and require professional, legal

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