Dispute Over Ownership of Modernist Painting

MANHATTAN (CN) - The Joseph P. Carroll gallery sued Craig Baker in a dispute over who owns John Graham's painting, "Untitled, 1943." Carroll says it bought the Russian-born American Modernist's painting for $105,000 from Salander-O'Reilly Galleries in January 2007.

Carroll says an involuntary bankruptcy petition was filed against Salander in November 2007, and the bankruptcy court gave Salander's creditors or presumed creditors until Aug. 31, 2008 to file claims. Carroll says Baker did not declare that he had consigned the painting to Salander until Feb. 3, 2009.

Carroll says it owns the work. It is represented in Federal Court by Jeffrey Udell with Olshan Grundman & Frome.

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