Avedon Foundation May Pursue Insurer Over Damaged Photo
A suit filed by the Richard Avedon Foundation against an insurance company over coverage of a water-damaged piece of artwork has withstood a motion to dismiss.
February 26, 2015 at 05:00 AM
4 minute read
The original version of this story was published on New York Law Journal
A suit filed by the Richard Avedon Foundation against an insurance company over coverage of a water-damaged piece of artwork will be allowed to proceed after withstanding a motion to dismiss.
The work by renowned photographer Richard Avedon, “The Chicago Seven, September 25, 1969,” was damaged by a water leak at Fortress Fine Art Storage in Long Island City on Dec. 8, 2011.
In Richard Avedon Foundation v. AXA Art Insurance Company, 151435/14, Manhattan Supreme Court Justice Joan Lobis (See Profile) let stand the foundation's allegation that insurer AXA breached its contract by delaying and failing payment.
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