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PAINTED INTO A CORNER

Online Auctioneer Goes Bust Owing Bieber, Jay-Z Charity Money

Paddle8 was just sued by a non-profit that claimed it was withholding proceeds of a benefit art sale.

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An online auction company has filed for bankruptcy, listing as creditors a bunch of famous names who used the service for charity benefits. Justin Bieber and Jay-Z’s Foundation are among those owed tens of thousands of dollars by Paddle8. The Chapter 11 filing comes days after another non-profit, the New American Cinema Group, sued Paddle8, alleging it failed to fork over money from the sale of donated art, artNet News reported.

Read it at artNet News

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