Expert On Art Market Can Testify In Dispute Over Sale Of Basquiat Painting

(March 15, 2024, 2:48 PM EDT) -- NEW YORK — An expert retained in an in rem action to foreclose a lien and to obtain an order permitting the sale of a painting valued at $14 million may testify, a New York magistrate judge ruled March 14, finding that he is “qualified to serve as an expert on art industry standards for underwriting asset-back loans secured by pieces of art.”...