Christie’s Art Storage Victorious Over Insurers In Hurricane Sandy Dispute

A New York state court has ruled that Christie’s Fine Art Storage Services will not have to pay $11.5 million to insurance companies who’d claimed the company acted negligently during Hurricane Sandy, allowing art under their care to be damaged or destroyed. Axa Art and StarNet Insurance sued Christie’s after artwork owned by clients and stored at the company’s Red Hook, Brooklyn storage facility, was damaged in the storm. Axa Art insured the collection of the Jacqueline Piatigorsky Revocable Trust, and StarNet the works of Leroy Neiman, both of which were damaged by flooding.