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A Modern Day King Lear? Neumann v Neumann

(Image Credit: Sotheby’s video Great Collectors: The (Art) World According to Hubert Neumann)
Image Credit: Sotheby’s video Great Collectors: The (Art) World According to Hubert Neumann.

By Lily Elkwood

A saga, reminiscent of the popular HBO show Succession and Shakespeare’s King Lear, is the life and lawsuits of the famous collector Hubert Neumann. Neumann is the heir to a mail-order cosmetics fortune, but he is better known for his billion-dollar art collection assembled over the last 70 years. The collection contains works by some of the most prolific artists the world has ever known: Picasso, Basquiat, and Koons, to name a few.[1]

Neumann has spent his life surrounded by some of the most beautiful things in the world, but since 2018, he has been in a volatile family feud. There have been 19 lawsuits between the Neumann family since 2018.[2] This feud even resulted in Hubert spending the night in jail.[3] So, how did one of the most celebrated collectors in the world go from being named by the New York Times as the collector who breaks a thousand curators’ hearts to a father whose daughter broke his own?[4]

The Genesis: The Fight Over the Matriarch's Estate

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Disclaimer: This article is for educational purposes only and is not meant to provide legal advice. Readers should not construe or rely on any comment or statement in this article as legal advice. For legal advice, readers should seek a consultation with an attorney.