L.A. Collector Files Lawsuit Against Louis VuittonBy ARTINFO
Published: June 26, 2008
California law requires specific certification for dealers who sell limited-edition prints, and Arthur alleges that Louis Vuitton North America has not provided enough information supporting the prints' authenticity. Arthur, who bought two prints for $6,000 each, said there was no numbering on the pieces to indicate their order in their respective series of 100 (500 total were available) and claimed that without this certification, the prints are less valuable on the secondary market. The California law allows triple damages for violations, potentially creating a multimillion-dollar liability for Louis Vuitton. |