• bitcoinBitcoin(BTC)$78,224.00-0.29%
  • ethereumEthereum(ETH)$2,467.41-0.58%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$735.01-1.94%
  • rippleXRP(XRP)$1.40-0.89%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • solanaSolana(SOL)$102.38-0.74%
  • tronTRON(TRX)$0.3393860.45%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-1.63%
  • zcashZcash(ZEC)$1,242.328.08%
  • HyperliquidHyperliquid(HYPE)$84.810.78%
  • dogecoinDogecoin(DOGE)$0.086672-3.34%
  • RainRain(RAIN)$0.015952-3.32%
  • USDSUSDS(USDS)$1.00-0.01%
  • moneroMonero(XMR)$509.311.76%
  • whitebitWhiteBIT Coin(WBT)$80.75-0.60%
  • chainlinkChainlink(LINK)$11.77-6.05%
  • leo-tokenLEO Token(LEO)$9.19-0.21%
  • cardanoCardano(ADA)$0.213515-3.29%
  • stellarStellar(XLM)$0.182834-2.74%
  • bitcoin-cashBitcoin Cash(BCH)$254.73-0.60%
  • daiDai(DAI)$1.000.01%
  • Ethena USDeEthena USDe(USDE)$1.00-0.01%
  • USD1USD1(USD1)$1.00-0.02%
  • litecoinLitecoin(LTC)$53.52-1.05%
  • CantonCanton(CC)$0.104826-2.64%
  • uniswapUniswap(UNI)$6.44-4.91%
  • the-open-networkGram (prev. Toncoin)(GRAM)$1.37-1.81%
  • avalanche-2Avalanche(AVAX)$7.86-1.56%
  • hedera-hashgraphHedera(HBAR)$0.077204-2.69%
  • Global DollarGlobal Dollar(USDG)$1.00-0.02%
  • nearNEAR Protocol(NEAR)$2.518.68%
  • suiSui(SUI)$0.78-3.32%
  • shiba-inuShiba Inu(SHIB)$0.000005-2.20%
  • crypto-com-chainCronos(CRO)$0.058869-0.61%
  • BlackRock USD Institutional Digital Liquidity FundBlackRock USD Institutional Digital Liquidity Fund(BUIDL)$1.000.00%
  • paypal-usdPayPal USD(PYUSD)$1.00-0.01%
  • MemeCoreMemeCore(M)$1.19-1.53%
  • tether-goldTether Gold(XAUT)$4,394.470.81%
  • Circle USYCCircle USYC(USYC)$1.140.01%
  • BittensorBittensor(TAO)$258.03-0.41%
  • Ripple USDRipple USD(RLUSD)$1.000.01%
  • okbOKB(OKB)$112.82-0.94%
  • Ondo US Dollar YieldOndo US Dollar Yield(USDY)$1.14-0.06%
  • mantleMantle(MNT)$0.61-3.83%
  • AsterAster(ASTER)$0.74-1.29%
  • aaveAave(AAVE)$126.05-2.23%
  • pax-goldPAX Gold(PAXG)$4,397.700.87%
  • polkadotPolkadot(DOT)$1.12-10.73%
  • Pump.funPump.fun(PUMP)$0.0043340.11%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

Antiques dealer who made $4.6M profit on African mask wins legal battle

December 19, 2023
in Business
Reading Time: 3 mins read
A A
Antiques dealer who made .6M profit on African mask wins legal battle
ShareShareShareShareShare

An antiques dealer who sold a rare African mask for $4.6 million won a legal battle with the elderly couple who sold it to him for $165 without realizing the treasure’s actual worth.

YOU MAY ALSO LIKE

Apple unveils $1,999 foldable ‘iPhone Duo’ as new CEO John Ternus takes reins

All-you-can-eat Good Time Country Buffet comes to NYC’s East Village

A French couple in their 80s obtained the wooden mask from an ancestor who was a governor in Africa, according to CNN, and kept the family heirloom in their second home in the south of France along with other African artifacts.

When the 88-year-old man and his 81-year-old wife — identified only by their initials in court documents — went to sell the home, they held a garage sale.

Among the items up for grabs was the “Ngil” mask once owned by René-Victor Edward Maurice Fournier, who had served as a colonial governor in Africa during the early 20th century, when significant parts of the continent were under French colonial rule, per CNN.

A second-hand antiques dealer scooped up the piece for a mere $165, along with some other small items like lances, a circumcision knife, a bellows and musical instruments. The couple believed at the time that the price was fair, according to court documents.

An elderly couple sold this African “Ngil” mask to an antiques dealer for just $165, not realizing that it could actually be worth millions. AFP via Getty Images

Yet just six months later, the couple learned mask’s true value after reading a newspaper article.

When it went up for auction in Montpellier, France, auctioneers described the mask as “an extremely rare 19th-century mask, property of a secret society of the Fang people in Gabon,” in West Africa, per the Daily Mail.

Gabon was a French colony at the time Fournier acquired the mask.

It was scooped up by an unidentified buyer for a staggering $4.6 million.

The couple filed an injunction to cancel their initial sale of the heirloom, but a court rejected their pleas and said they failed to get the mask valued before selling it. AFP via Getty Images

The French couple swiftly filed an injunction to cancel their original sale of the piece, which was just one 10 such objects still in existence once used by an ethnic Bantu group.

The couple argued that there had been an “authentication error” at the time of the sale, and insisted the dealer cheated them for being “aware of the mask’s real value” at the time of the purchase, according to the Daily Mail.

A judge rejected the couple’s request, saying that their “inexcusable negligence and frivolity” is what caused their troubles, as they failed any attempt to get the mask valued before selling it and thus were not owed any money.

Auctioneer Jean-Christophe Giuseppi of the Montpellier auction house hosted the sale of the mask, which started at about $330,000. AFP via Getty Images

The court ruled that the couple was not taken advantage of in the transaction, either, as the dealer himself was no expert on African art, the Daily Mail reported.

The dealer even offered the couple some $330,000 — the auction’s starting price — but their children turned down the offer, opting instead to take the matter to court.

The Post has sought comment from Frederic Mansat-Jaffre, the couple’s lawyer.

Credit: Source link

ShareTweetSendSharePin

Related Posts

Apple unveils ,999 foldable ‘iPhone Duo’ as new CEO John Ternus takes reins
Business

Apple unveils $1,999 foldable ‘iPhone Duo’ as new CEO John Ternus takes reins

September 9, 2026
All-you-can-eat Good Time Country Buffet comes to NYC’s East Village
Business

All-you-can-eat Good Time Country Buffet comes to NYC’s East Village

September 9, 2026
Dow falls 350 points as oil jumps above 0 for first time since July
Business

Dow falls 350 points as oil jumps above $100 for first time since July

September 9, 2026
Losing the most people on 9/11 brought Cantor Fitzgerald closer together
Business

Losing the most people on 9/11 brought Cantor Fitzgerald closer together

September 9, 2026
Next Post
Alex Rodriguez’s SPAC to Merge With Satellite Provider Lynk

Alex Rodriguez's SPAC to Merge With Satellite Provider Lynk

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Xiaomi’s New Passport-Style Foldable Looks Shorter And Wider Than The Galaxy Z Fold 8

Xiaomi’s New Passport-Style Foldable Looks Shorter And Wider Than The Galaxy Z Fold 8

September 3, 2026
America’s population of 401(k) millionaires hits record high

America’s population of 401(k) millionaires hits record high

September 4, 2026
Great Americans: A conversation with travel writer Rick Steves

Great Americans: A conversation with travel writer Rick Steves

September 5, 2026

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!