Private Equity Exec. Keeps Painting After Controversial Sale

Mar 22 2013 | 10:56am ET

Private equity executive Thompson Dean will get to keep a Roy Lichtenstein painting he bought from a prominent gallery, which allegedly sold it without the previous owner's permission.

Avista Capital Partners' Dean bought the painting from the Gagosian Gallery for $2 million, which was below market value. But the previous owner, Jan Cowles, said that the painting, "Girl in Mirror," had been transferred to the gallery for sale by her son without her knowledge, and that Gagosian later lied and said the painting had been damaged to justify the low price.


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