Landlords have taken legal action against a New York socialite, seeking to force the sale of a $30 million Jean-Michel Basquiat artwork from her collection to settle outstanding debts. The high-profile case highlights the financial pressures faced by property owners amid rising mortgage costs and economic uncertainty. Legal experts suggest such measures are increasingly common as lenders pursue valuable assets to recover losses. The dispute centers on whether the artwork can be seized under existing financial agreements.
Exclusive | Landlords demand NYC socialite sell her $30M Basquiat to pay debts New York Post
