Axa Art Insurance Corp. is seeking to recover more than $1.5 million from auction house Christie's for allegedly failing to properly store fine art of an insured during Superstorm Sandy.
The subrogation lawsuit filed by Axa Art in New York Supreme Court in Manhattan says the insurer provided coverage to the Piatigorsky Trust. The trust held the art collection of Jacqueline Piatigorsky, a well-known tennis and chess champion as well as an arts patron and sculptor (a bust of her husband, with cello, at left).
Though the suit does not identify the works in the collection, Piatigorsky's husband, renowned cellist Gregor Piatigorsky, was an art collector as well. Past exhibits of his collection included works by Pablo Picasso, Paul Klee and Edgar Degas.
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