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Paintings Seized After New York Gallery Defaults on Debt

Culture Chronicle

Gallery's Artworks Seized
The Wall Street Journal - April 7, 2010
By Erica Orden

Bank Removes Paintings After Judge Finds New York's Berry-Hill in Default

Representatives of a lender seized artworks from Berry-Hill Galleries, a well-known American art specialist on Manhattan's Upper East Side, after a judge found the gallery had defaulted on a debt of $9.5 million.

As people from the gallery and the bank, American Capital Financial Services, congregated Tuesday on the first floor of the gallery's stately townhouse, handlers carried the artworks, primarily paintings, down the street toward Fifth Avenue, where they deposited them into two large moving trucks. For the full article, click here

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