Sotheby's calls the valuation of what it determined to be a Caravaggio copy "preposterous"
A man is suing Sotheby’s in London after a painting he sold in 2006 for $68,000 was valued to be worth up to $17.7 million.
Bill Thwaytes, from northern England, has accused Sotheby’s of “professional negligence,” according to the BBC, after the new owner declared the painting to be done by the Italian baroque master Caravaggio.
Thwaytes, whose family bought the painting for $226 in 1962, says Sotheby’s failed to thoroughly research the artwork when it determined that the painting–depicting a wealthy man playing cards with two swindlers, called “The Cardsharps”–was a 17th century follower’s copy rather than the real deal.
Sotheby’s stands by its analysis and says the $17.7 million valuation is “preposterous.”
[BBC]