OPINION OF THE COURT
WILLIAM J. GIACOMO, J.
Factual and Procedural Background
In 1976 plaintiffs, Mitchel and Constance Flaum, purchased at auction from Sotheby's Parke-Bernet a "Renoir" painting for $50,000 which has hung in their primary residence ever since. The Renoir is currently owned by plaintiff Trust under the Will of Erna Stern for the Benefit of Constance Flaum.
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