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
    From left: Kerber’s Farm's Nick Voulgaris and Jamestown Properties' Michael Phillips along with 801-803 Greenwich Street (Getty Images, Jamestown Properties, LoopNet)
    Long Island farmer turns his pitchfork on Jamestown
    Long Island farmer turns his pitchfork on Jamestown
    From left: Landlord Steve Croman and White Horse Tavern owner Eytan Sugarman along with the White Horse Tavern at 567 Hudson Street (Getty Images, Google Maps, Instagram/boyfromnewyorkcity)
    Croman sues White Horse Tavern owner for $650K back rent
    Croman sues White Horse Tavern owner for $650K back rent
    Blackstone's Stephen Schwarzman and 8 Spruce Street (Photo Illustration by Steven Dilakian for The Real Deal with Getty Images and Twitter/AAsArchitecture)
    Blackstone’s 8 Spruce sues tenant over alleged pop-up restaurant
    Blackstone’s 8 Spruce sues tenant over alleged pop-up restaurant
    A photo illustration of Tishman Speyer CEO Rob Speyer and 28-10 Jackson Avenue in Long Island City (Getty Images, Tishman Speyer, Google Maps)
    LIC tenant claims Tishman Speyer violated rent stabilization
    LIC tenant claims Tishman Speyer violated rent stabilization
    A photo illustration of Nir Meir (Getty Images)
    HFZ investor wants Nir Meir held in contempt
    HFZ investor wants Nir Meir held in contempt
    Justice Debra James and Elizabeth Street Garden (NYCourts, Elizabeth Street Garden, Getty)
    Judge’s two years of silence paralyzes Little Italy project
    Judge’s two years of silence paralyzes Little Italy project
    The late Howard Solomon with 4 East 66th Street (Getty, Sotheby's International Realty)
    Late pharma exec’s UES co-op listed for $55M
    Late pharma exec’s UES co-op listed for $55M
    Douglas Elliman's Stefano Farsura with QC Terme
    Court dismisses developer’s suit over luxe Governors Island spa
    Court dismisses developer’s suit over luxe Governors Island spa
    arrow_forward_ios

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

    Loading...