That doesn't make sense. Either he seeks $5M in damages OR gets the authenticity confirmed. If the name is cleared on the painting, the value of the artwork is not decreased.
But lets say the "authenticity" is "confirmed" by the courts.
Is it? I mean, if you are a true arts collector, there will always be a taint on this painting now. Everyone will know the story, and there would always be a sense it could be a fake...
If you have the cash, the story may be the most interesting part. Art collecting is at least a tiny bit more complex than just a race to own the most X by Y.
> His suit contends that Mr. Doig is either confused or lying and that his denials blew up a plan to sell the work for millions of dollars.
Presumably the damages are being sought not for affecting the value of the painting, but for ruining the sale.
I don't see why the guy deserves damages on the order of the value of the painting though - if it's a true Doig, he can still sell the painting for the same amount (probably more given the spectacle around it), and the only loss would be the time wasted in setting up the sale.