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Monday, 09 November 2015 10:39

The Brant Foundation Files a Lawsuit Over a Damaged Warhol Collection

Andy Warhol's 'Marilyn.' Andy Warhol's 'Marilyn.' Flickr

A $60 million collection of Andy Warhol silkscreens was damaged during last year's highly acclaimed exhibit of the artist's works in Italy, court papers say — and now their megarich owner wants Lloyd’s of London to pay $9 million to compensate for their loss in value.

The Brant Foundation — run by Peter Brant, husband of supermodel Stephanie Seymour — sued the insurance giant in Manhattan Supreme Court Friday, saying Lloyd's had taken premiums to insure the entire Warhol collection — including 12 Electric Chairs — but wasn't abiding by the terms of the policy, which requires it to pay for repairs to damaged artwork and for "any depreciation suffered" as a result.

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