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Art

 

Julian Radcliffe in legal court room drama. Once the hunter, now the prey, the alleged would be extortionist is on the hot seat for monies owed.

Looks like the extortion business ain’t what it used to be.

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A New York City art lawyer noticed this case on the docket recently in NY State Civil Supreme Court. It appears that the ALR, which closed its offices in NY, Germany, Paris, and Amsterdam between 2009-2010, bailed out on its New York City landlord 10839 Associates, with a sizeable unpaid bill to the tune of $86k.

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NOWHERE TO RUN, NOWHERE TO HIDE

 

After trying to stiff the landlord, the plaintiffs found Radcliffe, who personally acted as guarantor on the lease, and sued. Mr. Radcliffe, who has admitted that the register has not made a profit under his stewardship for over a decade appears to have kept the ALR in the red over the last two years since this interview.

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Whilst the date of 20 December for judgment seems like an end to this, yet another ALR sordid affair, there is no guarantee that Mr. Radcliffe will settle. Word on the street is that the ALR has lost its US insurance subscribers and is struggling to bring in recovery income since a mass exodus of talent took place in 2012 that gave rise to the creation of a rival database called Artive.

Is a dead beat tenant what the art world needs in a due diligence service or can we do better? Are ALR shareholders like Christie’s, Sotheby’s and Bonhams keeping the ALR just barely alive to show some semblance of due diligence? Is it being used to present a bogus veil of integrity? Perhaps, but one thing is for sure, having not made a profit in a decade, Mr. Radcliffe’s skills in recovery of stolen art have to be questioned, as does his ability to pay rent.

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In a final twist to this story so far, Justice Barry R. Ostrager, who has taken the case since it was filled by the plaintiff on November 10 2015, is known to be relentless. As a matter of fact, one of AAD’s staff knows the Judge very well. Justice Ostrager used to have a summer home in Saratoga, he loves race horses, hates criminals, and loathes dead beats.

Watch this space.

 

About the Author

Elliot Lee

Elliot Lee

Elliot Lee founded his antique business in 1994. Having bought his first Antique piece at the tender age of eleven, it has since then been his passion for Antiques, Fine Art, and aesthetically beautif...