Mandarin Trading Co. seeks damages for losses allegedly sustained as a result of its reliance on an appraisal letter, dated July 28, 2000, written by defendant Guy Wildenstein, president of Wildenstein & Co., Inc., estimating the value of Paysage aux Trois Arbres, an 1892 painting by Paul Gauguin, at between $15 million and $17 million.
It is undisputed that sometime in July 2000 Patrick Blum, a director of Mandarin's parent company Phoenix Capital Reserve Fund...
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