A Loan-Scorned Socialite Reported Her Warhol Stolen. A Tempest Ensued.

A $10,000 reward was offered for a returned painting, leading to a $30 million lawsuit against Ms. Mugrabi for defamation by the company’s directors. The company was forced to sell a Warhol at a low price due to escalating costs and damage to their reputations. Ms. Mugrabi, known for her lavish lifestyle and high-profile divorce from an art-dealing family, countersued, claiming her status as the star in the situation.

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