“Judge Cohen rejected Steinhart’s claims, saying he was a ‘sophisticated art collector and financier’ who never claimed that the consignment agreement had been broken, and did not ‘do any diligence of his own.'”

A victory for Hirschl and Adler gallery in a lawsuit involving a "net to you" consignment.

Grossman LLP (which represented the gallery) has a post about it here, concluding: "The case stands as a reminder that, while the law protects against fraud, breach of contract, and other wrongs, it may not protect a party—especially a sophisticated and experienced one—from buyer’s or seller’s remorse."

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