Collector David Geffen Hits Justin Sun with 100-Page Countersuit
Billionaire collector and music mogul David Geffen has unequivocally refused calls from Justin Sun for the return of an Alberto Giacometti sculpture that Sun claims was stolen from his collection by an employee and sold as part of an elaborate fraud.
Sun, who is based in Hong Kong, filed his suit in February in New York, where the sculpture is located. On Wednesday, the 82-year-old Geffen hit the millennial crypto magnate with a 100-page countersuit.
Sun purchased the bronze, steel, and iron Giacometti, titled Le Nez (1949–65), at a Sotheby’s auction of works from the Macklowe collection in November 2021 for $78.4 million, working with the assistance of his former art adviser, Sydney Xiong. Sun said he had expressed…
