Artwork-gathering Greek transport magnate Nicholas Zoullas disinherits sons

It is a major body fat Greek transport spouse and children drama.

Art-amassing Greek shipping and delivery magnate Nicholas Zoullas disinherited two of his sons — a person of whom has accused him of thieving a $4 million Monet, courtroom data show.

Zoullas, 84 — a world-trotting male-about-city of the Higher East Side and Southampton, who was value untold thousands and thousands and bounced in between New York and Switzerland — died Xmas week 2021, in accordance to an obituary. He left at the rear of 5 children from two marriages.

Zoullas ran his loved ones transport company, Norland Shipping & Investing Corp., and served on various committees and boards at Harvard, he and his sons’ alma mater, and the Metropolitan Museum of Art.

He left every little thing to his 2nd spouse, Susan Bates, according to his will filed in March in Manhattan Surrogate’s Courtroom. The will does not offer for his very first spouse, Marianna Zoullas.

“After careful thought and deliberation, I have made a decision to give very little to my sons, ALEXIS ZOULLAS and SOPHOCLES ZOULLAS,” according to Zoullas’ will, signed in 2018. The pair have been Zoullas’ sons from his first marriage. He has a few kids with Bates — beneath the will they are to be supplied for by her.

Alexis Zoullas, correct, and his brother Sophocles Zoullas testified that they had a fractured romantic relationship with their father.
Patrick McMullan by means of Getty Images

The two sides of the relatives printed dueling obituaries in January — with a single leaving out all mention of Bates and her little ones with Zoullas.

But Zoullas — whose prosperity incorporated true estate, art, personal companies, and securities –and Sophocles fell out in the early 2000s, when the son remaining Norland, afterwards placing out on his individual, Sophocles said in a 2017 deposition. Nicholas was “upset” following Sophocles still left, Alexis explained in a 2017 affidavit.

The brothers — who later on founded Eagle Bulk Transport Inc., now an $800 million business — experienced a “fractured” or “difficult” romance with their father, according to courtroom papers.

They approached him at Alexis’ 2007 marriage with fears about their art, which was then in a spouse and children storage facility in Switzerland. He replied that “he felt it was not necessary to choose any motion since we were spouse and children and he certain me that there would not be any disputes which would jeopardize our artwork,” according to court docket papers.

But Zoullas allegedly transferred the Monet to Naxos Artwork Inc., a funds-strapped British Virgin Islands enterprise of his for $900,000. Naxos before long flipped it by Christie’s for $3.9 million, according to court docket papers.

Sean Smith and Sophocles Zoullas
Sophocles Zoullas, ideal, was eradicated from the will, which was signed in 2018.
Patrick McMullan by way of Getty Pictures

The portray — “Sainte-Adresse” — is now in the collection of the National Gallery of Artwork.

Sophocles alleged in state court that his grandfather, Sophocles N. Zoullas of Lausanne, Switzerland, purchased the portray for him as a present in 1995.

“Dare I say I was his favorite grandson,” Sophocles explained in the deposition.

Alexis also alleged his father absconded with less-beneficial will work held in storage. The two instances were being settled.

Zoullas lived with Bates in a $4.3 million penthouse at the white-glove Knickerbocker on East 72nd St, records display. The spouse and children also owns four attributes in Southampton by way of several LLCs with a whole sector worth at $24.6 million.

Alexis Zoullas
Alexis Zoullas and Chris Cuomo attend the Opening Of John Varvatos Madison Avenue on April 3, 2014 in NYC.
Getty Photographs for John Varvatos

The flap more than the Monet wasn’t the past time Zoullas tangled in court more than art.

In 2016 he accused a mistress of stealing with his $15 million “erotic art” assortment, which he saved alongside with her near Palm Seaside, according to W Magazine.

The relatives descends from Panagiotis Pantaleon, a legendary 19th century Greek shipowner.

Sophocles Zoullas
Dueling obituaries had been released for the father in January.
Paul Bruinooge/Patrick McMullan

In a joint statement, Sophocles and Alexis Zoullas explained: “We are mourning the loss of our father who lived an amazing and difficult lifetime. Though we highly regarded and cherished him, we do not concur with quite a few of his decisions, notably those he created later on in his everyday living, when he was regrettably in a state of decrease.”

The lawyer dealing with the Zoullas estate did not return messages. Bates did not return a information.