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A judge Thursday ordered recently divorced couple David and Libbie Mugrabi to exchange artworks and cars by early May — after the art scion claimed Libbie was delaying making good on their settlement agreement.
The pair finalized their divorce settlement in November and were officially split by Dec. 23. But, David brought his socialite ex back to court Thursday claiming she wasn’t honoring their agreement — which included that she hand over 16 artworks to him as well, as a 1974 Ferrari and a Porsche 911, Manhattan Supreme Court Justice Douglas Hoffman explained during a video hearing Thursday.
As part of the agreement, David would also return certain artworks to Libbie, including some by Andy Warhol, Hoffman said.
“The language of the settlement agreement is clear,” Hoffman said. “The wife waves any right to any works of art on exhibit B [of the settlement agreement] which are currently in her possession.”
Hoffman said Libbie was supposed to return the works by Nov. 30.
“The husband set forth in the affidavit that he’s tried to obtain these artworks from the wife,” Hoffman said. “The wife is saying ‘Well I didn’t have those, some of those at that time. I think the plaintiff may have a couple of them and so forth.’”
“The assertion … that the husband hasn’t given some of the artwork he was supposed to give to the wife — Mr. Mugrabi made clear that he wants to arrange an exchange for both and he has been unable to do so,” Hoffman continued.
“It’s clear that the husband is entitled to these two cars — the Porsche and the Ferrari,” Hoffman said before ordering the estranged pair to exchange the art and the cars on May 6 in Long Island.
Still, after the judge’s ruling, David’s lawyer, John Teitler, told the judge that Libbie had moved some of the art to Florida and asked it to be made clear that “she has to return from Florida the very valuable pieces she has secreted down there.”
“This is enough. At some point the grift has to end,” Teitler said.
Hoffman reminded Teitler that his client won the motion.
“Both sides have to exchange the agreed upon artwork on the date certain, time certain — period,” Hoffman added.
“Part of our relief was so that we could deliver the art,” Teitler said. “We have been trying to both get the art that Mrs. Mugrabi is supposed to give to us and deliver the art she is supposed to get”
“That is the relieve we sought and we are very grateful that the court has granted the relief,” Teitler said.
Libbie chimed in: “Is that why none of the paintings have ever been delivered?”
Teitler said he needed to respond, but the judge cut him off and ended the hearing.
David — whose family is said to own billions in an art, including the world’s largest trove of Warhols — filed for divorce from Libbie in July 2018.
During their bitter divorce battle, they fought over their art collection, a $72 million townhouse and a home in the Hamptons.
Libbie was sued Monday by her Yorkville pad landlord who claims she owes over $500,000 in rent after not paying since April 2020. Her lawyer denied the allegations.
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