SALE OF A PICTURE.
PROFIT OF £12,300. FIRST BOUGHT FOR £2OO. LONDON. April 26. How a portrait of an old lady brought £2OO, and was resold for £12.500, when it was found that it was painted by Franz Hals, was told in M.r. Justice McCardie's Court, when Frederick Salaman, a trustee in bankruptcy on behalf of Dr. Tait, practising in the West End, claimed half the profits of the sale, or damages for alleged fraud, from Nicholas Van Slochem, an antique dealer. Salaman's counsel said that Van Slochem agreed to buy and resell the picture, sharing the profits with Tait. Later he said the picture was not worth buying. Nevertheless, he purchased it and resold it- for £12,500. ' Reginald Smith, an art dealer, told the Judge that he would have wanted £20,000 for the picture if he had known it was by Franz, Hals. He had been bitten once when he bought a Rembrandt for 12s. He had sold it for £3OOO, but subsequently it was resold for £45,000. Defendant agreed to a verdict for £3OOO.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/NZH19260506.2.165
Bibliographic details
New Zealand Herald, Volume LXIII, Issue 19320, 6 May 1926, Page 13
Word Count
176SALE OF A PICTURE. New Zealand Herald, Volume LXIII, Issue 19320, 6 May 1926, Page 13
Using This Item
NZME is the copyright owner for the New Zealand Herald. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons New Zealand BY-NC-SA licence . This newspaper is not available for commercial use without the consent of NZME. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Auckland Libraries and NZME.
Log in