All is bitterly not truthful in love and Warhol!
The former spouse of artwork billionaire David Mugrabi is reopening their bruising divorce case, alleging he intentionally broken works by Jean-Michel Basquiat and Andy Warhol he was ordered by a decide to give her.
In April, a Manhattan Supreme Court decide ordered exes Libbie and David Mugrabi — whose divorce has been referred to as the nastiest in New York City — to change artworks plus vehicles, together with a classic Ferrari, on May 6 within the Hamptons.
But socialite Libbie Mugrabi alleges her famed artwork vendor ex violated that separation settlement by maliciously giving her broken artwork valued properly beneath the $16 million he had agreed they have been value.
She additionally insists she can’t preserve their kids’s way of life on $79,000 a month in assist funds and needs it to be restored to almost $100,000 a month.
She is now demanding the court docket invalidate their separation settlement and restart their bitter settlement negotiations.
The new court docket papers filed on Monday state, “Defendant [David] knowingly misrepresented the value of the art he agreed to provide,” at a price of $16 million.
She consulted with an IRS-certified artwork appraiser who instructed her “the value of the art is worth substantially less” and that David “fraudulently misrepresented the value of the art he agreed to give [her],” plus he “tried to give [her] damaged art.”
Libbie even goes on to allege within the paperwork that the artwork was not broken the final time she noticed it, and David — who’s from a outstanding and well-respected artwork accumulating household — “purposely damaged the art he agreed to provide [her] under the separation agreement.”
One of the works was a “Statue of Liberty” by Andy Warhol, stated to be value $2 million, whereas the opposite was a Basquiat valued at $6.5 million.
Page Six beforehand reported Libbie — who compared herself to Princess Diana in a latest New York Post interview — had filed a police report in Southampton alleging David tried to dump the broken paintings on her doorstep.
Libbie’s safety crew referred to as Southampton cops to her house on May 6 — alleging that the newest items of artwork despatched by David by means of a dealing with service had water harm.
A supply claimed the Warhol “has black lines from water damage” and “scratches,” and that the Basquiat is a “collage that was damaged” with “part of the paper lifting off the canvas.” She refused to obtain the works.
It’s not the primary time artwork has been on the heart of the wild breakup: During the divorce, Libbie’s facet even testified the exes once physically “wrestled” over a $500,000 Keith Haring sculpture, and that he pushed her out of the door, yelling at her that she was a “gold-digger.”
David’s household owns billions in artwork, together with the biggest assortment of Warhols on the planet. During the divorce, the couple fought over their assortment, plus a $72 million townhouse, and a house within the Hamptons.
She’d beforehand acquired artworks by Richard Prince and Damien Hirst from David with out incident.
Libbie additionally now claims she signed the separation settlement “under duress” and she or he solely discovered to her horror after signing that the ultimate settlement “substantially differed” from the accredited draft.
New paperwork filed within the court docket claims David “failed to timely pay his support obligation for at least the five months” earlier than she signed the separation settlement, which she did “under duress” as a result of it positioned her in “financial desperation” .
She provides she was “intimidated” into signing the settlement and was “bullied” by each his and her personal lawyer to signal the settlement.
Libbie provides within the court docket submitting she was prescribed the antidepressant Lexapro on the time the settlement was being negotiated and signed, however her psychiatrist decreased the dose, inflicting her to have “blurry vision” on the time she signed.
She contends that her “reduction in her Lexapro dosage interfered with her ability to comprehend the full meaning of the separation agreement she was compelled to sign.”
She goes on to add that David additional has failed to abide by the phrases of the separation settlement which stipulated he lease her a Porsche 911 and provides her a 1982 Basquiat portray that she alleges he as an alternative tried to promote.
Libbie, who acquired the couple’s Hamptons house within the divorce, additionally claims that David has not offered a $7 million Manhattan residence for her and their two teenage kids and that she “would receive a Basquiat painting of the same value” in change.
The papers state that Libbie is unemployed and the separation settlement “only requires defendant to pay plaintiff $79,000 per month,” whereas she had anticipated $98,000 per thirty days, which was the interim sum he was ordered to pay.
Due to this, she contends is “unable to maintain the children’s standard of living”.
Libbie additionally claims he positioned their 14-year-old daughter in a “psychiatric wilderness program” regardless of her objections and “leaves his children alone in his apartment.” She is now asking for sole authorized custody.
She is now demanding the separation settlement “she was compelled to sign … be canceled and set aside.”
Libbie’s divorce lawyer Ken Jewell stated, “We have filed a complaint to set aside the separation agreement between David and Libbie Mugrabi given the unjust and predatory circumstances surrounding its execution, in addition to the fraud imposed upon Ms. Mugrabi, as well as the financial and emotional abuse she has suffered from David Mugrabi as a result.”
David filed for divorce in 2018, and alleged in earlier authorized proceedings that Libbie was not honoring her facet of their December divorce settlement, which ordered her to hand over 16 artworks to him, in addition to a 1974 Ferrari and a Porsche 911. She contends all of the gadgets have been returned.
David’s lawyer John Teitler didn’t reply to requests for remark.