Justin Sun, the founder of TRON and APENFT, has filed a lawsuit against David Geffen, accusing him of possessing a Giacometti sculpture that was allegedly stolen by his former art advisor, Sydney Xiong. The lawsuit centers around Le Nez, a sculpture by Alberto Giacometti that was purchased for $67 million in 2022. Sun alleges that Xiong forged his signature on contracts to sell the sculpture to Geffen without his consent. Geffen's legal team maintains that the sale was legitimate and that Sun's claims are unfounded.
Sydney Xiong, an art advisor known for her work with Justin Sun's digital art platform APENFT , is at the center of a legal battle involving a valuable Giacometti sculpture. In 2022, Xiong allegedly forged Sun's signature on contracts to sell Le Nez, a sculpture by Alberto Giacometti, for $67 million without Sun's knowledge. The sculpture was then sold to David Geffen, a renowned entertainment mogul and art collector.
Sun claims he is the victim of theft and is suing Geffen to recover the sculpture or its monetary value. Geffen's legal team contends that the sale was legitimate and that Sun's complaint stems from buyer's remorse. The lawsuit highlights the complex interplay of art collecting, cryptocurrency, and legal disputes in the contemporary art market
ART COLLECTING CRYPTOCURRENCY LEGAL DISPUTES GIACOMETTI DAVID GEFFEN JUSTIN SUN SYDNEY XION APENFT TRON
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