Another Uptown Big Money Gallery Hits The Skids  Today's Page
Six announced cheerily that uptown art dealer Larry Salander has
put a $100-million price tag on a Caravaggio. But they don't
mention that the old uptown dealership is in full-on crisis: At
least 15 lawsuits have been filed against Salander O'Reilly in
the last year. Even for a neighborhood filled with galleries
that are accustomed to regular legal wranglings and late
payments (and rents that run to $200K a month), this is nuts.
How bad are things? Larry Salander got sued by John McEnroe, the
godfather to one of his children. Youch!  According to Lindsay
Pollock and Philip Boroff at Bloomberg News, Salander is being
also being sued by a former landlord for (yoinks!) $1.7 million
in back rent and penalties. Not paying rent, as you surely know,
is one of the best tactics to "borrow" money against overhead.
In August, Salander O'Reilly was even sued by a "member" of the
corporation, Myron Kunin, the hair salon heir. (Heh.) Another
suer is Arthur Cart