1 November, 2013
Article length: 148 words
Qatar: Sheikh Saud Bin Mohammed payment ordered
It emerged in September that Qatari art dealer Sheikh Saud Bin Mohammed must pay London-based SJ Berwin £261,279 in unpaid fees for advice given when his assets were frozen following a 2012 court case. Sheikh Saud was sued in the UK High Court in November 2012 by a group of dealers who said he had dishonoured a pledge to pay $19.7m for a coin collection sold at a New York auction in January 2012 (GSN 936/8, 935/10). Sheikh Saud was likened by the dealers’ QC, Jeffrey Gruder of Essex Court Chambers, to an “inveterate gambler” who could not stop himself spending millions on objects of his desire before walking away from his obligations.