Marguerite and the late Robert Hoffman shown with the red Rothko Marguerite and the late Robert Hoffman shown with the red Rothko

The Mark Rothko painting was sold at a Sotheby's sale in 2010, the case investigated whether or not the sale broke the terms of a confidentiality agreement under which the Rothko had been promised to the Dallas Museum of Art. A jury ruled that David Martínez Guzmán and his representative L&M Arts owed Hoffman between $1.2 million and $500.000 for selling the work at auction. Friday's decision however found that Martínez Guzmán broke no agreement when he sold the painting at Sotheby's in 2010 for $31.4 million, due to the fact that L&M had no authority to enter into such an agreement on Martínez's behalf.

The judge did however rule that L&M owes Hoffman $500.000 in damages, without legal fees. The now defunct L&M's former owners, Dominique Lévy and Robert Mnuchin have not issued any public commentary.

"We're pleased that the court found there was no agreement between my client, L&M and Hoffman," said Martínez's lawyer Jonathan Blackman, "And that the claim, which we believed had no merit from the outset, was finally dismissed."

 

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