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possible surprise twist in battle over belasco lighting fixture

by:Grade     2020-01-12
The second battle of Broadway
The most famous chandelier continues.
On last November, Shubert sued for the recovery of lighting equipment that may have been stolen from the Belasco Theater 41 years ago.
In the summer, the chandelier reappeared in an antique gallery, and the theater chain sought an order and judgment, \"to return this history of Broadway to its rightful owner, not only for the benefit of Schubert, and for the benefit of Broadway and theater --
The whole community.
However, the Shubert Organization may no longer be its legal owner, even if it is identified as a pure property.
Fearing that he would lose the lease for another theater, producer David Belasco worked with campaign button salesman Meyer R.
Bimberg will spend $750,000 to build the Belasco Theater in 1907.
It was hailed as the most exquisite theater of the time, and the interior design looked like a living room.
According to building historian Janet Adams strong, in a government report, bellasco \"consciously tries to make a domesticated, private space with a warm color scheme, especially light spread through the walls and ceilings of the auditorium by color and lead glass fixtures.
He commissioned famous lighting equipment from Tiffany\'s studio.
But in February 28, 1976, the thief broke into the bellasco theater and stole five of the lamps.
Schubert\'s officials reported the theft to the insurance company and the New York City Police Department.
No lighting was found and the theater owner hired an expert to make copies of the stolen items.
However, on last June, the Schubert organization received an unexpected call from Lilian Nassau, one of the major antique dealers at Louis confortiffany and Tiffany Studios.
One of its clients, Vilma Partridge, commissioned a chandelier that looks like a lighting device stolen from the bellasco theater 40 years ago.
The representative of the Shubert Organization rushed to check the project and concluded that it was a long-term project
Lost lighting“[A]
The ll aspect of the fixture is the same as the lighting fixture of the same size as the original Tiffany studio still in the theater, \"said an expert who was hired to copy the chandelier earlier.
The Schubert group urged Lillian Nassau to help arrange the return of the lighting equipment.
Since the New York law clearly states that thieves cannot transfer valid and legitimate rights and interests of stolen items, Patric has never obtained valid legal rights and interests in lighting equipment.
Pendant lights are still the property of the Schubert organization.
In order to avoid the costs of litigation it is confident to win, the Schubert Organization provided partridge with an undisclosed amount of lighting equipment. David P.
Appraisers and auctioneers of fine arts and decorative arts McAllen estimated that the price of chandeliers could range from $100,000 to $150,000 at auction. Sold in the retail market for about $200,000 to $300,000.
\"True value,\" he explained, \"in five sets.
\"Selling the hanging lights with other stolen lighting devices will\" easily push it into seven numbers, \"McCallen said \".
Lilian Nassau submitted a confidential settlement agreement to Patric.
But she immediately canceled the entrustment, forcing the antique dealer to return the lighting to her.
Patrick declined to give up lighting, insisting she had bought it at auction houses in the 1970s s.
She claimed that \"the auction house had legal ownership of the unit at the time of purchase and\" communicated this legal ownership [her]at that time.
\"The dispute could not be resolved and Shubert filed a lawsuit requiring the court to issue an order and judgment directing Partridge to return the lighting equipment.
The theater chain wants the judge to confirm that it is the legal owner of the lighting equipment and has the right to have it immediately.
In a twist worthy of the classic stage play, The Shubert Organization may also have no effective legal interest in lighting equipment.
According to the terms of the insurance policy, the real owner may be the insurance carrier.
When the theater chain reported the theft to its insurance carrier, it may have filed an insurance claim and received payment based on the final evaluation value of the lost lighting equipment.
However, in exchange for insurance claims payments, if the stolen item is recovered, it may need to exchange ownership with the stolen item.
The insurance carrier will \"replace\" or take over its valid legal interest in the chandelier.
Controversial fixtures continue to generate more heat than light.
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