The real estate company 320 E 82nd Owner, LLC has asked a New York court to force socialite collector Libbie Mugrabi and the auction house Phillips to hand over an untitled 1982 Jean-Michel Basquiat painting to satisfy a $2.3 million judgment. New York County Supreme Court judge Linda M. Capitti advanced the petition last week, issuing an October 14 order that blocks any sale or transfer of the work and requires Mugrabi and Phillips to appear in court on November 17 to argue why the painting — along with Mugrabi's full ownership interest in Moo Moo Enterprises, the company that holds it — should not be seized.

The judgment stems from Mugrabi's 2019–2020 tenancy at the Park Mansion, a Beaux-Arts building on East 82nd Street in Yorkville. A Manhattan court ordered her in 2023 to pay $1.8 million in back rent and fees; after a June inquest added nine percent interest, the total reached $2.3 million. Phillips has held the Basquiat since at least October 2024, when it was consigned for a London sale and then pulled after a lien dispute surfaced.

The dispute involves lenders Ian Peck and Terence Doran, directors of Art Capital Group and related Empire Chesapeake Holdings, who claimed an interest in the painting tied to a $3 million loan. Mugrabi says the lien was never valid: the Basquiat was briefly pledged in an October 2023 term sheet, then replaced a month later with a 1964 Warhol, Jackie, and the loan was never completed. In July a judge granted her partial summary judgment, finding the pair had no right to the lien — a ruling they have appealed.

Mugrabi says the painting is worth more than $30 million; the landlord's petition pegs it at $4 million to $6 million. The petition is the latest in a long-running cascade of legal trouble since her 2018 divorce from billionaire collector David Mugrabi: last month she was ordered to sell her Bridgehampton mansion over a $3.5 million mortgage, and it fetched just $5.86 million at auction against her $25 million asking price. She says she is moving to Florida.