World

Lawsuit Accuses Gallery Owner of Pretending to Buy Banksy Painting for Heiress

OFF THE WALL

Karen Lo says she never received the famous painting.

An art installation by British artist Banksy is seen on a wall in the Coney Island area of New York City, Oct. 28, 2013.
Brendan McDermid/Reuters

A Hong Kong heiress has sued a gallery owner who she claims pretended to buy a Banksy painting on her behalf, according to Reuters. Karen Lo, the granddaughter of the founder of beverage company Vitasoy, alleges that she paid around $613,000 to gallery owner Pearl Lam for the painting “Show Me the Monet,” but the artwork was never delivered. Lam’s office said the suit was a “private matter and we regret it is being litigated in the press. Of course we have offered a full refund and we look forward to resolving this matter promptly.” The 2005 painting—which adds a shopping cart to Claude Monet’s masterpiece—was sold at auction in 2020 for over $9 million.

Read it at Reuters