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Art fraud.(MEDIA & ENTERTAINMENT)(Robert Bane Ltd. Inc.)

Los Angeles Business Journal

| October 01, 2007 | Riley-Katz, Anne | COPYRIGHT 2009 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Online auctions have helped boost line art sales, but the $2.3 million legal judgment won last month by a noted Japanese pop artist also highlighted some of the hazards involved.

Hajime Sorayama, known for his erotic and futuristic art, won the judgment last month--including $1 million in punitive damages--against Beverly Hills art publisher Robert Bane and his company, Robert Bane Ltd. Inc. Bane failed to account for the proceeds from sales of 33 original Sorayama paintings and illegal, cut-rate dumping of scores of reproductions.

For Sorayama, whose work includes a number of futuristic pin-up illustrations of women, it meant that once closely controlled …

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Source: HighBeam Research, Art fraud.(MEDIA & ENTERTAINMENT)(Robert Bane Ltd. Inc.)

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