Heiress of Vitasoy sues Pearl Lam gallery in HK for undelivered Banksy painting

Insert Picture: Karen Lo

23rd March 2023 – (Hong Kong) According to a court document filed this week, Karen Lo, the heiress of Vitasoy International, a Hong Kong-based beverage company specialising in soy milk and juice drinks, is suing prominent gallery owner Pearl Lam for allegedly failing to deliver a Banksy painting that Lo had purchased for US$613,000.

In the writ, Lo claimed that Lam falsely represented herself as having bought Banksy’s ‘Show Me The Monet’ painting on Lo’s behalf. Lam’s office responded by stating that it was a private matter and regretted that it was being litigated in the press. They also offered a full refund and expressed their desire to resolve the matter quickly. However, they did not provide further details.

The 2005 painting, a “remix” of a masterpiece by Impressionist painter Claude Monet, was sold at a Sotheby’s auction in October 2020 for more than £7.5 million, well above the estimated sale price of £3 million to £5 million.

Pearl Lam which is located on the 6th floor of Pedder Building in Central is one of over 170 gallery owners participating in Art Basel Hong Kong this week.

Source: Sotheby’s
Pearl Lam (Ling Meng-chu) is the founder and owner of Pearl Lam Galleries.With over 20 years of experience exhibiting Asian and Western art and design, it is one of the leading and most established contemporary art galleries in Asia. The Galleries comprises four galleries in Shanghai, Hong Kong and Singapore.