Artnet – Divorce proceedings are moving ahead for billionaire power couple David and Libbie Mugrabi, and the family’s storied art collection appears to have become a big point of contention.
“There has been an ongoing dispute over the removal of art from both homes, with both sides alleging the other has taken pricey masterpieces without permission from the other,” reports Page Six. The Mugrabis filed for divorce late last month after 13 years of marriage.
The Mugrabi collection was started in the 1980s by David’s father, Jose Mugrabi. David’s brother, Alberto “Tico” Mugrabi, who married fashion blogger Colby Jordan two years ago, is also a prominent art dealer. Their holdings are known to feature the likes of Pablo Picasso, Auguste Rodin, Damien Hirst, George Condo, Jean-Michel Basquiat, and Jeff Koons, as well as the world’s foremost collection of works by Pop art legend Andy Warhol, rumored to be in excess of 1,000 pieces. – read more