Monday, April 27, 2015

2 years ago I purchased a sculpture at an estate sale. Now I had it put up for sale and a gallery is claiming that it belongs to them. The c...

Question

2 years ago I purchased a sculpture at an estate sale. Now I had it put up for sale and a gallery is claiming that it belongs to them. The claimant said they last had it in 2006, they never reported it lost or stolen and now almost 8 years later they just claim it's theirs. Both parties are in Florida. Is there not a statute of limitation?



Answer

Yes. It may or may not apply depending upon other facts. What proof do they have?



Answer

If you are bona fide purchaser without notice, you probably have ownership of the property. if they just learned about you they are well within the statute of limitations to pursue their claim.



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