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The tawdry divorce of Libbie and David Mugrabi is not just a tabloid story. At stake are a trophy townhouse, works by Andy Warhol and Jeff Koons, and the inner workings of one of the world’s most influential art dealer families.

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Over the weekend before the Fourth of July last year, David and Libbie Mugrabi, an art-world power couple known for their enormous collection of Warhols, hosted a dinner party for about 15 business associates, some of whom were also staying over at their lavis­­h nine-bedroom estate in the Hamptons.

Ms. Mugrabi said she retired around 11:30 p.m. that Friday, after a long night of $800 bottles of wine served by the family’s staff. When she woke around 6 a.m. and came downstairs, she said she found her husband lying on top of an attractive brunette in the television room, beneath a painting from Richard Prince’s “After Dark” series.

To read more on New York Times:

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