Inside the David Geffen–Crypto Banana Guy Legal Brawl

Justin Sun sued David Geffen , alleging that Geffen was in possession of the “stolen” Giacometti sculpture.

The sculpture is now at the center of an explosive lawsuit that pits two generations of billionaire art collectors against each other.

Geffen is fighting back, his hard-charging lawyer said the seasoned mega-collector bought the work fair and square.

Justin Sun purchased Le Nez in 2012 , nearly two years after it was put on public view at the Institut Giacometti in Paris .

Sun alleges in the complaint that he wanted to sell the work, as long as it was for over $80 million , as he later specified, and all in cash.

The complaint alleges that the work was shipped to a storage unit in Delaware controlled by the Tunkls .

Sun is one of the few young people buying at high auction prices.

He invested $30 million in then president-elect Donald Trump ’s crypto concern, World Liberty Financial .

He is also facing charges from the SEC for allegedly fraudulently manipulating the crypto market without disclosing they were being compensated.

In December 2024 , Sun circled back on Le Nez in the midst of a busy few weeks .