Michael Jackson Settles Lawsuit With Sotheby's
Pop superstar MICHAEL JACKSON has settled a lawsuit with auction house SOTHEBY'S - after a feud over two 19th century paintings.
DIANA PHILLIPS, senior vice president for the New York auction house, says the case has been resolved amicably but the terms are not being disclosed.
The suit, filed in MANHATTAN FEDERAL COURT, alleged Jackson's Los Angeles company MJJ PRODUCTIONS successfully bid on two paintings by French artist WILLIAM ADOLPHE BOURGEREAU on 29 October (02).
One of the paintings shows CUPID removing a thorn from his foot and the other is a portrait of a young woman with a child and a sheep. Sotheby's had asked payment of $1.3 million (GBP860,000) for the paintings plus at least $60,733 (GBP40,488) in late fees.
The lawsuit claimed Jackson did not dispute that his company bought the paintings or that he has been billed for them. However, it said Jackson's company refused to pay for the art because the THRILLER singer no longer believed the paintings fit into his collection.21/05/2003 21:14