In the saga commented on earlier by Hélène Deslauriers here, a settlement has now been reached between the owner of the Seagram Building in New York and the New York Landmarks Conservancy. The dispute arose over the treatment of Picasso’s stage curtain Le Tricorne, which had hung prominently in the Seagram Building since 1959.
The owner of the building, Aby Rosen, had wanted to take down the piece in order to perform renovation work on the interior of the building. The Conservancy, which owns the canvas, challenged him through the New York courts. The settlement provides for the restoration, relocation and reinstallation of the piece at the New York Historical Society on Central Park West. The costs associated with this are to be covered by Rosen.