Michael Ovitz Sues LA Gallery

Michael Ovitz who co-founded talent agency Creative Artists Agency, has sued a Los Angeles gallery, Perry Rubenstein, claiming it sold pieces of art he consigned to it but didn't give him the proceeds, which totaled nearly $1 million.

Now, according to reports, Art Advisory Limited, claims it paid $475,000 for Prince's 1992 work "Nobody's Home" in November, plus the cost of shipping.

Further, Perry Rubenstein Gallery and a shipping company claim they "have prevented [the buyer] from taking possession of the painting" and refused to release it, because it is tied up in the Ovitz dispute.

Art Advisory's suit says Rubenstein "omitted to advise" them he "had a dispute over the painting," and was, "allegedly not authorized to sell [it]" for a sum less than $575,000."

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by Barry Kostrinsky