The painter known as the “Art Bastard” hit the art establishment with a US$100 million proposed class action Tuesday, February 6, accusing The Met and four other New York City museums of conspiring to artificially raise prices for some galleries’ work and restricting access to the market, reported Bloomberg.
Robert Cenedella, known as the “Art Bastard” said private collectors, galleries and auction houses play a large role in determining which works end up in museum collections, creating a system that drives up prices for a small group of select artists while shutting out others who “do not carry the imprimatur or financial cache of the contemporary artists within the closed system.”
“The system today—put in place by galleries, auction houses, and art critiques—has nothing to do with talent, development of skill, or maturation of the art world,” said Cenedella, a teacher at the Art Students League of New York who is known for satirical works that have included a painting of Santa Claus on a crucifix.
Cenedella sued the Metropolitan Museum of Art, the Whitney Museum of American Art, the Museum of Modern Art, the Solomon R. Guggenheim Museum and the New Museum of Contemporary Art, calling the group a “corporate museum cartel” that manipulates the market for its own benefit.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Belgian Authorities Detain Multiple Individuals Over Alleged Huawei Bribery in EU Parliament
Mar 13, 2025 by
CPI
Grubhub’s Antitrust Case to Proceed in Federal Court, Second Circuit Rules
Mar 13, 2025 by
CPI
Pharma Giants Mallinckrodt and Endo to Merge in Multi-Billion-Dollar Deal
Mar 13, 2025 by
CPI
FTC Targets Meta’s Market Power, Calls Zuckerberg to Testify
Mar 13, 2025 by
CPI
French Watchdog Approves Carrefour’s Expansion, Orders Store Sell-Off
Mar 13, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Self-Preferencing
Feb 26, 2025 by
CPI
Platform Self-Preferencing: Focusing the Policy Debate
Feb 26, 2025 by
Michael Katz
Weaponized Opacity: Self-Preferencing in Digital Audience Measurement
Feb 26, 2025 by
Thomas Hoppner & Philipp Westerhoff
Self-Preferencing: An Economic Literature-Based Assessment Advocating a Case-By-Case Approach and Compliance Requirements
Feb 26, 2025 by
Patrice Bougette & Frederic Marty
Self-Preferencing in Adjacent Markets
Feb 26, 2025 by
Muxin Li