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David Wildenstein asks judge to toss lawsuit over alleged UES townhouse deal
Art mogul says the verbal agreement for 19 East 64th Street wasn't binding
Art dealer heir David Wildenstein fired back against a lawsuit accusing him of breaking a promise to sell Len Blavatnik his family’s townhouse, claiming that a verbal agreement between the two wasn’t binding.
Wildenstein’s Attorneys Asked A Manhattan Superior Court judge to dismiss Blavatnik’s lawsuit, saying that a phone call between the two didn’t constitute a “binding agreement for a real estate transaction,” the New York Post reported. Blavatnik, owner of Warner Music, lobbed a lawsuit against Wildenstein in October, alleging that he went back on a promise to sell him a townhouse at 19 East 64th Street for $79 million. He claims Wildenstein instead used his offer to leverage a higher bid for the property. Wildenstein ultimately sold the East Side townhouse for $81 million.
Wildenstein’s attorneys argue that a “sophisticated and experienced real estate investor” like Blavatnik should know that without the agreement in writing, there’s no deal. [NYP] — Kathryn Brenzel