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A few of the many important names often
associated with the gallery in the press and
magazine articles are the Duke and Duchess of
Bedford, Prince Ranier and the late Princess
Grace of Monaco, the Duke and Duchess
d'Orleans, Baron and Baroness David de
Rothschild, * * *.
These openings and the enthusiastic
review of them have made Wally Findlay
Galleries, Paris, widely known in Europe. In
turn, this international recognition, added
to the longer established dominance of Wally
Findlay Galleries in America, has made Wally
Findlay Galleries a unique organization in
the art world.
Soon after the opening of the gallery at
2, Avenue Matignon, the second Wally Findlay
Galleries operation in Paris was established
at the George V Hotel. Here rotating
exhibitions have provided additional exposure
for our contemporary artists and have
resulted in developing important new partrons
[sic] from the constant flow of distinguished
visitors to this elegant hotel.
* * * * * * *
A number of years ago an art gallery was
opened in Jeddah, Saudi Arabia. From this
gallery's inception, Wally Findlay Galleries,
Paris, has been one of its principal
suppliers of paintings.
This description was composed at a time when, for purposes
of this litigation, petitioners maintain that the French
subsidiary had long since ceased to contribute any value to the
Wally Findlay Group. Even if we grant that the purpose of this
material is to excite an investor's interest, the portrait it
provides is difficult to reconcile with petitioners' contention
that none of the substantial goodwill of the group was
attributable to the French subsidiary. The fact that WFGI
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