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  5. 227 A.D.2d 170 (1996)
 

AM.-EUROPEAN ART ASSOCS., INC. v. TREND GALLERIES, INC.

227 A.D.2d 170 (1996)

641 N.Y.S.2d 835

American-European Art Associates, Inc., et al., Appellants, v. Trend Galleries, Inc., et al., Respondents

Appellate Division of the Supreme Court of the State of New York, First Department.

May 7, 1996

The IAS Court properly dismissed the first cause of action for breach by defendants of a purported agreement to sell a painting by Yves Klein entitled "Le Monochrome" to plaintiffs as barred by the Statute of Frauds, section 2-201 of the Uniform Commercial Code, which precludes enforcement, by way of action or defense, of a contract for the sale of goods for the price of $500 or more absent a writing sufficient to indicate that...

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