LOS ANGELES (September 21, 2006)-- An art broker has filed a lawsuit against Axl Rose, claiming the rocker backed out of a deal to pay two-point-three (m) million dollars for an Andy Warhol portrait of John Lennon.
Acquire d’Arte says it negotiated with a New York art gallery and was able to lower the price of the artwork from two-point-six (m) million dollars to two-point-three (m) million for Rose.
But, according to the suit, after agreeing to buy the portrait, the Guns N’ Roses frontman paid only one-point-two (m) million dollars. Rose’s manager and attorney told the broker that the rocker would not pay the remaining balance because he didn’t have enough money and “the painting was not worth the price he had agreed to pay.”
Acquire d’Arte is seeking more than one (m) million dollars in damages.
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