The museum raid was conducted by the FBI’s Art Crime Team after a nine-year criminal investigation into the authenticity of the supposed Basquiat paintings. (Credit: sergign/Adobe Stock)
Liberty Mutual Insurance Company and Great American Insurance Company have asked a court to block a $19.7 million claim for paintings taken from a museum that turned out to be fake.
According to the Associated Press, more than two dozen paintings, supposedly by artist Jean-Michel Basquiat, were seized in an FBI raid at the Orlando Museum of Art in 2022. Because these paintings were on loan from their owner, the museum added them as an additional insured on its fine arts insurance policy. When the owners filed a claim on the seized paintings, both insurance companies argued they were not covered under the policy because they were not authentic.
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