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Tron founder Justin Sun has filed a lawsuit against American film producer and record executive David Geffen in a bid to reclaim an Alberto Giacometti sculpture or get up to $80 million in damages.
Le Nez, which has been authenticated by the Giacometti Committee, was conceived by the artist between 1947 and 1949 and cast in 1965. Sun bought the sculpture for $78.4 million at a November 2021 auction of real estate developer Harry Macklowe’s art collection. He later lent it to the Giacometti Foundation for an exhibition in Paris, where it was shown through January 2024. According to the, soon after the artwork returned from France to Sun’s storage facility in Singapore, Xiong hatched a plot to steal it and sell it to Geffen, using her position to misrepresent the ownership of the piece and forge his signature on sale documents.
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