Ugandan government sues art dealer over UES rent

Asher Edelman owes nearly $500K in unpaid rent

New York /
Sep.September 03, 2021 12:00 PM
Asher Edelman and 111 East 70th Street (Getty, Google Maps, iStock)

Asher Edelman and 111 East 70th Street (Getty, Google Maps, iStock)

An art dealer with a reputation for quarreling over bills for Edvard Munches and Keith Harings allegedly owes nearly half a million dollars in rent for his headquarters in a tony Upper East Side townhouse.

Financier and art dealer Asher Edelman’s businesses owe nearly $470,000 in back rent on the Lenox Hill townhouse at 111 East 70th Street to the building’s landlord, the Permanent Mission of Uganda to the United Nations, court records show.

Edelman’s art-leasing business, Artemus, and his gallery Edelman Arts haven’t paid rent since April of last year, according to a lawsuit filed by the mission in Manhattan state court Thursday.

“The mission is disappointed and frustrated with its commercial tenant and the way it’s flaunted its responsibilities under the lease,” said Jill Mandel, an attorney for the Ugandan mission.

Representatives for Edelman were not immediately available for comment. The Ugandan mission is suing for damages totaling more than $800,000, which includes rent due on the remainder of the lease through June of next year.

Edelman launched Artemus in 2014 in a partnership with the Durst Organization, according to Artemus’ website. A spokesperson for the Durst Organization said the company has nothing to do with the rent dispute and is in the process of dissolving its partnership with Artemus.

The Ugandan mission leased the Lenox Hill townhouse to Edelman in 2017. The government of Uganda reportedly bought the five-story building in 1963 from the actor Anthony Quinn and used it as its mission to the U.N. for two decades before moving to its current location at 336 East 45th Street, across from the U.N. headquarters.

Edelman has garnered his fair share of headlines for squabbles over payments for high-profile works of art.

Earlier this year a judge reportedly awarded the dealer $6.9 million in commissions he claimed he was owed on four Keith Haring works and a painting by Evdard Munch in a scuttled sale to a member of the Abu Dhabi royal family.

And in March, a judge threw out a dispute between Edelman and another art dealer over a sale-leaseback arrangement involving a Haring and two Frank Stella works.





    Related Articles

    arrow_forward_ios
    Douglas Durst, One Bryant Park, Robert Durst (Getty, Durst Org)
    Robert Durst’s nephew sues Durst family for cutting off trust payments
    Robert Durst’s nephew sues Durst family for cutting off trust payments
    Alex Rodriguez and Constantine Scurtis of Lynd (Getty)
    A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
    A-Rod gets 13 lawsuits dismissed that were filed by ex-brother-in-law over real estate empire
    Two more rent law challenges tossed, landlords reserve hope in appeal
    Two more rent law challenges tossed, landlords rest hopes on appeal
    Two more rent law challenges tossed, landlords rest hopes on appeal
    National Association of Realtors moves to block antitrust probe
    National Association of Realtors moves to block antitrust probe
    National Association of Realtors moves to block antitrust probe
    NBA store settles rent-collection lawsuit suit with landlord Moinian Group
    NBA store settles rent-collection lawsuit suit with landlord Moinian Group
    NBA store settles rent-collection lawsuit suit with landlord Moinian Group
    SJP Properties CEO  Steven Pozycki and 200 Amsterdam (SJP, 200 Amsterdam)
    SJP claims final victory in 200 Amsterdam fight
    SJP claims final victory in 200 Amsterdam fight
    RSA President Joe Strasburg and Chief Judge Lawrence Marks (Getty)
    Landlords challenge state eviction ban — the sequel
    Landlords challenge state eviction ban — the sequel
    Richard and Isaac Chera with 9 Hanover Place (Getty, Google Maps)
    Facing lawsuit from Crown, private school in Brooklyn closes suddenly
    Facing lawsuit from Crown, private school in Brooklyn closes suddenly
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...