Hong Kong heiress sues gallery owner Pearl Lam over Banksy painting

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Hong Kong heiress sues gallery owner Pearl Lam over Banksy painting
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The 2005 painting by the British artist is a 'remix' of a masterpiece by Impressionist painter Claude Monet.

The 2005 painting 'Show Me The Monet' by Banksy is a 'remix' of a masterpiece by Impressionist painter Claude Monet. Photo: Handout

An heiress of the Hong Kong beverage giant Vitasoy International is suing prominent gallery owner Pearl Lam, saying she has paid £500,000 pounds for a Banksy painting that was never delivered, according to a court writ filed this week. Karen Lo, whose grandfather founded Vitasoy which specialises in soy milk and juice drinks, said Lam falsely represented that she had bought Banksy'sLam's office did not immediately respond to requests by phone and email for comment.

The 2005 painting by the British artist is a"remix" of a masterpiece by Impressionist painter Claude Monet. It was sold at a Sotheby's auction in October 2020 for more than £7.5mil , far above an estimated sale price of £3mil to £5mil .Hong Kong's government has welcomed the art fair as it tries to reinvigorate the economy after a nearly three-year slump from factors including tough Covid lockdowns, a closed border with China and a security crackdown. - Reuters

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