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KANDINSKY OIL PAINTING
Bankruptcy Auction

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Auction Information

Auction

July 30, 2020 at 11:30 am

Viewings

July 30, 2020
at 10:00 am to 11:30 am

2020-07-30 11:30AM

Property Location

39 Windsor Place
Central Islip, NY 11722

Auction Location

39 Windsor Place
Central Islip, NY 11722

Photo Gallery

Details

Bankruptcy Auction – United States Bankruptcy Court Eastern District of New York

In Re: Mordechay Movtady – Case No. 18-76758-REG

Early 20th C. Painting Attributed To Wassily Kandinsky

Details:

  • Composition “No. 2”
  • Oil Painting on Canvas
  • Attributed to Wassily Kandinsky (1866-1944) Russia
  • Signed on Back
  • 124 cm x 89 cm (48.8″ x 35.0″)
  • Chronologically Attributed to the period of 1917-1919
  • Written determination by the Ministry of Culture of the USSR/All-Union Museum Association/State Tretyakovsky Gallery (1980). Translated to English 1991.
  • Analysis Report by Institut d’Art Conservation et Couleur (France) 2013

Inspection: Thursday, July 30, 2020 from 10:00 am – 11:30 am. Also available by appointment prior to July 30th.

Auction Date: Thursday, July 30, 2020 at 11:30 am. Registration commences at 10:00 am.

Auction Location: Maltz Auction Gallery, 39 Windsor Place, Central Islip, NY 11722.  Online bidding available with prior registration.

Deposit: A 25% minimum deposit in cash or certified funds is required on knockdown of the bid.  Deposits may also be tendered via wire, certified check or official bank check in advance of July 29th for application towards the 25% down payment requirement.

Due Diligence Documents

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Have Questions? Get In Touch

Robert L. Pryor, Chapter 7 Trustee
Pryor & Mandelup, L.L.P., Attorneys for the Chapter 7 Trustee
Richard B. Maltz, Auctioneer DCA# 1240836
David A. Constantino, Auctioneer DCA# 1424944
Phone (516) 349-7022 Fax (516) 349-0105

The Assets are being sold “AS IS” “WHERE IS”, “WITH ALL FAULTS”, without any representations, covenants, guarantees or warranties of any kind or nature, and free and clear of any liens, claims, or encumbrances of whatever kind or nature, with such liens, if any, to attach to the proceeds of sale in such order and priority as they existed immediately prior to the Closing. By delivering their respective Deposits, all Bidders acknowledge that they have had the opportunity to review and inspect the Assets, the state of title thereof and laws, rules and regulations applicable thereto, and will rely solely thereon and on their own independent investigations and inspections of the Assets in making their bids. Neither Maltz, the Trustee, the Attorney for the Trustee or any of their collective representatives makes any representations or warranties with respect to the permissible uses of the Assets.  All Bidders acknowledge that they have conducted their own due diligence in connection with the Assets and are not relying on any information provided by Maltz, the Trustee, the Attorney for the Trustee, or their professionals.  The information contained herein was derived from sources deemed reliable, but is not guaranteed.  Most of the information provided has been obtained from third-party sources and has not been independently verified.  It is the responsibility of the Buyer to determine the accuracy of all components of the sale and Assets.  Each potential bidder is responsible for conducting his or her own independent inspections, investigations, inquiries, and due diligence concerning the Assets.  All prospective bidders are urged to conduct their own due diligence prior to participating in the Public Auction.  Bid rigging is illegal and suspected violations will be reported to the Department of Justice for investigation and prosecution.