OPINION & ORDER
JOHN F. KEENAN, District Judge:. This case involves a long-standing dispute over the possession of World War II photographs and negatives taken by Plaintiff Anna Efimovna Khaldei’s father, Evge-ny Khaldei. Plaintiff now moves for summary judgment on her claims. She. seeks :(1) permission to take possession of the photographic prints and negatives currently deposited with the Court, (2) dismissal of Defendant Kalman Kaspiev’s counterclaim for royalties, and (3) an award of monetary damages and injunctive relief. For the reasons discussed below, Plaintiff’s motion is denied in part and granted in part.
I. Background
A. Facts and Procedural History
The following facts are taken from the record following discovery. Plaintiff, a resident of Russia, is the daughter and heir of the late World War II Russian photographer Evgeny Khaldei (hereinafter, “-Khal-dei”). Defendant is a professional photojournalist living in New York. This action *74arises out of Defendant’s activities as agent for Khaldei and his estate.
Defendant’s professional • relationship •with Khaldei began informally.' From 1990 until early 1997, Defendant claims that he acted “unofficially” as Khaldei’s agent, with the goal of promoting Khaldei’s work and establishing a market price for sales in the United States. (Dep. of Kal-man Kaspiev, dated Dec. 11-12, 2014 (“Def.’s Dep.”) 11:19-25, 16:2-5.) For instance, in 1996, Defendant negotiated the sale of ten of Khaldei’s photographs to the Library of Congress for $6,000. (Id. 16:14-17:3.) According to Defendant, Khaldei insisted on sharing the proceeds from this sale with Kaspiev, saying “you’re my agent, 50/50.” (Id. 17:16-20.)
Defendant’s relationship with Khaldei was formalized on March 11, 1997, when they entered into an agreement (the “Agency Agreement”) providing that Defendant would act as Khaldei’s worldwide agent for twenty years for the “promotion and salé of photographs produced for sale from the negatives of Khaldei.” (ECF No. 80, Rdthstein Reply Aff., dated Apr. 3, 2013, Ex. 1.) Under this agreement, Défen-dant agreed to bear “[a]lT expense's in the production and printing of photographs,” as well as the costs of “the promotion and advertising of Khaldei and his work.” (Id.) The Agency Agreement also stated that Defendant would be responsible for setting the price of any sales.- (Id.) In exchange, Defendant was to receive 50 percent of “all net proceeds from the sale of the photofgraphs] produced and sold after the date of this Agreement.” (Id.)
The next day, Khaldei and Defendant entered into a separate agreement (the .“License Agreement”) with Corbis Corporation (“Corbis”), a digital archive that licenses images to third- parties. This agreement called for Khaldei, Kaspiev, and Corbis to select images for licensing and for Khaldei. to deliver negatives for these images to Corbis along with caption information - “related to each selected image upon delivery.” (ECF No. 66, Rothstein Aff., dated Feb. 26, 2013 (“Rothstein 2013 Aff.”), Ex. 3 ¶ 6.) The License Agreement also provided that Defendant, as Khaldei’s agent, would “translate all caption information into English.” (Id.) In return, Cor-bis promised to pay Khaldei a pro rata share of any royalties, beginning with an advance of $25,000, which was paid in two installments of $5,000 and $20,000, respectively. (Id. ¶¶2-3.) The parties agree that, pursuant to the Agency Agreement, Defendant received fifty percent of. the Corbis Advance. (Pl.’s Mem, at 3; ECF No.- 71, Decl. of Kalman Kaspiev, dated Mar. 19, 2013 (“Def.’s 2013 Decl”), ¶¶25-26, 34.) The 1997 License Agreement was entered into for a period of twenty years. (ECF No. 66, Rothstein 2013 Aff. Ex. 3 ¶1.)
Khaldei died on October 6, 1997. On October 13,1997 Plaintiff and her brother, Leonid Khaldei, as Khaldei’s heirs, signed a new agency agreement with Defendant (hereinafter, the “Renewal Agreement”). (Def.’s Dep. 59:12-15; 169:11-20.) This agreement identified Plaintiff and her brother as the “sole heirs” of “all [Khal-dei’s] creative legacy and property” (hereinafter, the “Khaldei Estate”). (ECF No. 71, Def.’s 2013 Decl. Ex 6.) The Renewal Agreement also provided that all of Khal-dei’s contracts made with Defendant remained in force and designated Kaspiev the “world representative agent for the creative legacy of Yevgeniy Khaldey/ ”1 (Id.) . -
*75Shortly thereafter, Defendant instructed Corbis to return the negatives selected and scanned under the License Agreement (hereinafter, the “Corbis Negatives”) to him, rather than to Khaldei’s heirs. (ECF No. 66, Rothstein 2013 Aff. Ex. 5.) According to Defendant, he later contacted Cor-bis to express his concern that some images on the Corbis website did not match the negatives in his possession and, in response, he received a letter from Corbis in September 1998 stating that it had no “outstanding Khaldei images to return.” (ECF No. 216, Decl. of Margaret A. Dale, dated February 18, 2015 (“Dale 2015 Decl”), Ex. 10; see also ECF No. 71, Def.’s 2013 Decl. ¶ 46.)
In December 1997, Plaintiff met with Defendant in New York and provided him with 261 photographic prints for Kaspiev to sell (the “Disputed Prints”),2 together with 55 additional negatives to be sent to Corbis.3 (ECF No. 61, PL’s Aff., dated Feb. 19, 2013 (“PL’s 2013 Aff.”) ¶¶ 9-10.) Defendant, for his part, contends that he paid Plaintiff $7,500 in return for “an undivided half ownership interest” in these prints. (ECF No. 215, Def.’s Response to Rule 56.1 Statement No. 18.) While Plaintiff denies having received any money from Kaspiev relating to the Disputed Prints, the parties agree that he was entitled to half of any revenue earned from his sale of the Disputed Prints. (PL’s Mem. at 7; Def.’s Mem. at 2-3.) Although it appears that none of the Disputed Prints were ever sold, Defendant claims that he gave four of the Disputed Prints to an attorney, Gary Schonwald, ■ sometime between 1998 and 2002 in return for performing pro bono services ■ related to ,the Khaldei Estate. (See Det’s Dep. 64:16-17; see also ECF No. 97, Rothstein Aff., dated June 6, 2013, Ex. 23.)
The parties’ relationship subsequently broke down. In June 1999, Plaintiff met with Defendant in New York in order to secure the return of the Disputed Prints, as well as any negatives taken by Khaldei in Defendant’s possession. (PL Mem. at 4.) The parties’ accounts of this meeting differ sharply, with Plaintiff asserting that she did not receive any materials from Kaspiev (Dep. of Anna Efimovna Khaldei, dated Dec. 8, 2014 and Dec. 10,2014 (“PL’s Dep.”) 237:21-238:7), while Defendant contends that he returned approximately 135 of the 261 Disputed Prints to Plaintiff. (Def.’s Dep. 116:3-12.) During this meeting, Plaintiff also told Defendant that she had decided not to pursue a sale of Khal-dei’s prints and negatives to the Library of Congress. (Id. 128:19-129:2.)
In or. around December 2000, 'Plaintiff initiated a lawsuit against Defendant in New Jersey state court, for replevin and damages. (See ECF No. 66, Rothstein 2013 Aff. Ex. 26; see also ECF No. 61, PL’s 2013 Aff. Éx. 6 (certificate noting *76Plaintiffs right to inherit half of the Khal-dei Estate); id. Ex. 7 (document granting Plaintiff power of attorney over • Leonid Khaldei’s interest in the Khaldei Estate).) Although Plaintiff repeatedly attempted to serve Defendant in connection with this action at an address in New Jersey, these attempts were unsuccessful. (PL’s Mem. at 4; ECF No. 66, Rothstein 2013 Aff. Ex. 27-28.) Defendant subsequently failed to appear in the New Jersey action. As a result, the New Jersey court issued a default judgment of replevin and administratively dismissed the case in 2002. (ECF No. 66, Rothstein 2013 Aff. Ex. 36.)
Kaspiev states that he learned of the New Jersey action in 2003, at which time he went to the courthouse and reviewed documents from the case file. (Def.’s Dep. 87:6-89:2.) Among other exhibits, this file included a letter notifying Kaspiev that Plaintiff was terminating his agency and that he was not authorized tq act on behalf of Khaldei’s heirs, as well as a supporting affidavit submitted by Plaintiff and cosigned by Leonid Khaldei. (PL Mem. at 23; ECF No. 61, PL’s 2013 Aff. 1116; id. Ex. 7-8.) Despite learning of this lawsuit, however, Kaspiev admits that he had no direct communication with Plaintiff until 2007, when Plaintiff reached Defendant by telephone. (ECF No. 61, PL’s 2013 Aff. ¶ 18.) The parties thereafter had several discussions about settling the dispute, but failed to reach an agreement. As a result, Plaintiff commenced this action in November 2010.
B. The Present Action
In March 2011, Defendant was ordered to deposit with the Court all photographs and negatives taken by Khaldei in Defendant’s possession, custody, or control. (ECF No. 18, Order dated Mar. 29, 2011.) Defendant, subsequently deposited 266 photographic prints and 3,031 negatives. (ECF No. 215, Def.’s Response to Rule 56.1 Statement Nos. 33-34.) Defendant contends that more than half of the 266 impounded prints come from his private collection of Khaldei’s work. (See Def.’s Dep. 64:16-17,116: 3-12.)
In March 2013, the parties filed cross-motions for partial summary judgment, which were denied in part and stayed in part pending an evidentiary hearing on the enforceability of the New Jersey default judgment. (ECF No. 123, Op. & Order dated Dec. 5, 2013.) Subsequently, in June 2014, the Court concluded that Plaintiff had failed to prove that service of the New Jersey replevin action was valid and granted summary judgment on that issue in Defendant’s favor. (ECF No. 144, Op. & Order dated June 9, 2014.) Plaintiff then moved for reconsideration of the June 2014 order, which was denied. (ECF No. 160, Mem. Op. & Order dated Aug. 12, 2014.)
Following the completion of discovery, Plaintiff filed the present motion for summary judgment. This motion was fully briefed on March 4, 2015 and oral argument was held on April 1, 2015.
II. Discussion
A. Legal Standard
Summary judgment is warranted when “there is no genuine issue as to any material fact and the movant is entitled to judgment as a matter of law.” Fed. R.Civ.P. 56(a). A dispute regarding a material fact is genuine “if the evidence is such that' a reasonable jury could return a verdict for. the non moving party.” Anderson v. Liberty Lobby, Inc., 477 U.S. 242, 248, 106 S.Ct. 2505, 91 L.Ed.2d 202 (1986). “If, as to the issue on which summary judgment is sought, there is any evidence in the record from which a reasonable inference could be drawn in favor of the opposing party, summary judgment is improper.” Gummo v. Village of De-*77pew, 75 F.3d 98, 107 (2d Cir.1996). The party seeking summary judgment bears the burden of demonstrating the absence of any genuine factual dispute. Celotex Corp. v. Catrett, 477 U.S. 317, 322-23, 106 S.Ct. 2548, 91 L.Ed.2d 265 (1986). However, where the nonmoving party will bear the burden of proof at trial, summary judgment is warranted if the nonmovant fails to “make a showing sufficient to establish the existence of an element-essential to [its] ease.” Nebraska v. Wyoming, 507 U.S. 584, 590, 113 S.Ct. 1689, 123 L.Ed.2d 317 (1993); see also Arnold v. Geary, No. 09 Civ. 7299, 2012 WL 43623, at *3 (S.D.N.Y. Jan. 5, 2012).
B. Analysis
1. The Disputed Prints
i. Ownership of the Disputed Prints
In moving for summary judgment on possession of the Disputed Prints, Plaintiff asserts that Kaspiev’s claim to be a co-owner of these works is invalid ás a matter of law. Specifically, Plaintiff contends that these prints were delivered to Kaspiev as a consignment and that Kaspiev thereafter-held them as trust property on Plaintiffs behalf. (Pl.’s Mem. at 7-8.) The Court agrees.
Under New York’s Arts and, Cultural Affairs Law (“ACAL”), the delivery of work to an art merchant by an artist or his estate “for the purpose of exhibition and/or sale on a commission, fee or other basis of compensation” establishes a consignor/consignee relationship.4 N.Y. Arts & Cult. Aff. Law § 12.01(1); see also In re Friedman, 64 A.D.2d 70, 82-83, 407 N.Y.S.2d 999 (N.Y.App.Div.1978) (finding that “consignments of art not sales are the prevalent business arrangement between artists, or their' estates,' and art dealers”). Thereafter, the art merchant holds the consigned work as trust property on behalf of the artist and his estate. See N.Y. Arts & 'Cult. Aff. Law § 12.01(1); see also id. § 11.01 (“ ‘On consignment’ means that ho title to, estate in, or right to possession of, the work of fine art or multiple that is superior to that of the consignor vests in the consignee, notwithstanding the consignee’s power or' authority to transfer or convey all the right, title and interest of the consignor, in and to such work, to a third person.”). Where an art merchant claims ownership of consigned-work, the merchant bears the burden of establishing that full payment was made for that work to the artist or the artist’s estate. See Grosz v. Serge Sabarsky, Inc., 24 A.D.3d 264, 265, 806 N.Y.S.2d 498 (2005).
Addressing the present motion, it is clear as an initial matter that Kaspiev falls under the scope of “art merchant” as defined by the ACAL. N.Y. Arts & Cult, Aff. Law § 11.01(2); see Wesselmann v. International Images, Inc., 172 Misc.2d 247, 250, 657 N.Y.S.2d 284 (N.Y.Sup.Ct.1996) (pointing (to the defendants’ prior statements that the plaintiffs “success was largely attributable to [their] skill and efforts” as evidence of defendants status as an art merchant), aff'd, 259 A.D.2d 448, 687 N.Y.S.2d 339 (N.Y.App.Div.1999), appeal dismissed, 94 N.Y.2d 796, 700 N.Y.S.2d 429, 722 N.E.2d 509 (1999). Not only was Kaspiev the '“world representative agent for the creative legacy' of Yevgeniy Khaldey”’ at the time that he *78received the Disputed Prints, but by his own account he was responsible for establishing the market for Khaldei’s work in the United States and was tasked with selling the Disputed Prints because of his superior knowledge of- the,- art market, stating: .“I’m the co-owner and an expert and an agent.” (See Def.’s Dep. 16:14-17:17:3, 166:7-8; ECF No. 71, Def.’s 2013 Decl. Ex. 6.) Further,, the parties agree that the purpose of delivering the Disputed Prints to Kaspiev was to permit him sell these prints to -buyers in the United States. (See, e.g., PL’s Dep. 92:4-7; Def.’s Dep. 49:6-19.)
The final question, therefore, is whether Kaspiev undertook to sell the Disputed Prints on a basis of compensation. The parties agree that Kaspiev was responsible for selling the Disputed Prints and that he was entitled to 50 percent of any revenue earned from these sales. (See ECF No. 71, Def.’s 2013 Decl. ¶ 35; PL’s Mem. at 7.) Defendant contends, however, that his right to 50 percent of any sales revenue was not a basis of compensation as understood under New York’s Arts and Cultural Affairs Law; rather, he claims' that he purchased an ownership interest in half of the Disputed Prints for $7,500 and was therefore entitled as" a co-owner-not an agent — to half of any revenue earned from the sale of those prints.'
As noted . in Wesselmann, the “clear intent of the [ACAL] is to create a trust relationship even when the art merchant makes a financial investment in the art.” Wesselmann, 172 Misc.2d at 252, 657 N.Y.S.2d 284; see also In re Friedman, 91 Misc.2d at 204, 397 N.Y.S.2d 561 (noting that the ACAL was enacted in order to “ ‘protect artists who have a limited market and access to that market only through art dealers”” (quoting Memoranda of State Department, 1966 N.Y. Sess. Laws 1963-64 (McKinney))). Thus, under the ACAL, an art merchant’s financial investment in an artist’s work does not transform an otherwise valid consignment into an outright sale unless and “until the price [of such work] is paid in full. ” N.Y. Arts & Cult. Aff. Law §§ 11.01, 12.01(1) (emphasis added) (stating that payment in full is required to transfer title “[n]otwith-standing ... any agreement, note, memorandum or writing to the contrary” and that any waiver of these protections by either the artist or art merchant is “absolutely void”).
Here, Defendant’s own statements and admissions clearly defeat any claim to ownership. Crucially, Defendant characterizes his purchase as giving him “an undivided half ownership interest in [the Disputed Prints].” (See ECF No. 215, Defi’s Rule 56.1 Statement No. 18; see also ECF No. 217, Def.’s Decl., dated Feb. 17, 2015 (“Def.’s 2015 Decl.”), ¶7 (“I purchased an undivided ownership interest in those prints and paid Anna Khaldei $7,500 for- that half interest.”).)-. Similarly, when asked how he distinguished between Plaintiffs prints and his own when allegedly returning half of the Disputed Prints to. Plaintiff in 1999, Defendant stated: “It wasn’t her half, it was a pile.” (Defi’s Dep. 55:15-16.) Thus, accepting Defendant’s own characterization of the parties’ transaction, his purported $7,500 payment to Plaintiff was not payment in full for any specific print or prints; rather, it was a purchase of a half-interést in an undivided collection of, prints. This is exactly the type of financial investment — as opposed to full purchase — that the ACAL is designed to protect artists against and which is insufficient to disrupt the creation of a trust relationship. N.Y. Arts & Cult. Aff. Law §§ 11.01,12.01(1).
Notwithstanding the alleged $7,500 payment, therefore, Defendant’s right to. half of any sales revenue must be considered *79“simply another basis of compensation.” Wesselmann, 172 Misc.2d at 252, 657 N.Y.S.2d 284. Consequently, the Court concludes that Kaspiev received the Disputed Prints from Plaintiff as a consignee rather than a co-owner, such that these prints remain Plaintiffs property.
ii. Defendant’s Liability for the Disputed Prints
Given the determination that Plaintiff owns the Disputed Prints, it follows that she is entitled to possession of any of the Disputed Prints that are in Defendant’s or the Court’s custody or control. ' In addition, Plaintiff may recover compensatory damages for any prints that are shown to be missing or are believed to have been disposed of by Kaspiev through undocumented transactions. See N.Y. Arts & Cult. Aft. Law § 12.01(1) (defining consigned work as “trust property in the hands of the consignee”); see also Scher v. Stendhal Gallery, Inc., 117 A.D.3d 146, 161, 983 N.Y.S.2d 219 (N.Y.App.Div.2014) (permitting plaintiff to recover for “all prints that are missing or believed to have been disposed of through undocumented sales”).
Defendant’s liability for any missing or unaccounted for prints flows from his status as a consignee. In New York, a consignment is considered, “essentially, an agency with a bailment.” See United States v. Nektalov, 440 F.Supp.2d 287, 298 (S.D.N.Y.2006). Moreover, New York law is clear that where “a bailee fails to return a bailor’s property, there is a presumption of liability, and if the property cannot be found, a prima facie case of negligence exists.” Maisel v. Gruner & Jahr USA, Inc., 89 A.D.2d 503, 504, 452 N.Y.S.2d 192 (N.Y.App.Div.1982). It then becomes incumbent on the bailee to rebut this presumption by showing that the bailed property is not lost or that the cause of the loss was not within his control. See Isik Jewelry v. Mars Media, Inc., 418 F.Supp.2d 112, 121 (E.D.N.Y.2005); Maisel, 89 A.D.2d at 504.
Here, the parties agree that Plaintiff délivered 261 photographic prints to Kaspiev during their December 1997 meeting. {See Def.’s Dep., 115:3-21 (acknowledging that he accepted 248 signed photographs plus 13 unsigned prints); ECF No. 216, Dale 2015 Deck Ex. 8.) Nevertheless, Kaspiev asserts that the Disputed Prints make up only 122 of the 266 impounded photographs, with the other 144 prints coming from his personal collection of Khaldei’s work. (See Def.’s Dep. 64:16-17, 116: 3-12.) In explaining this shortfall, Kaspiev contends that he returned 135 of the Disputed Prints to Plaintiff in June 1999 {id. 116:3-12) and gave four of the Disputed Prints to an attorney, Gary Schonwald, in exchange for pro bono services sometime between 1998 and 2002 (id. 64:16-17).
Other than his own testimony, however, the only evidence that Kaspiev has submitted in support of these alleged transactions is a draft of a receipt found in Plaintiffs possession stating the she received works “in the amount — space—pieces” from Defendant. {See ECF No. 216, Dale 2015 Deck Ex. 11.) Defendant contends that this evidence is at least sufficient to raise an issue of fact as to whether these transactions took place. But Defendant’s argument overlooks his fiduciary duty as Plaintiffs agent to account to Plaintiff for the disposition of the Disputed Prints. See Restatement (Third) of Agency § 8.12(3) (“An agent has a duty, subject to any agreement with the principal, ... to keep and render accounts to the principal of money or other property received or paid out on the principal’s account.”).
Contrary to this duty, Defendant, has admitted that he failed to keep or obtain *80any records or receipts documenting either his alleged gift of four prints to Mr. Schon-wald dr establishing that he returned prints to Plaintiff in 1999. (Oral Argument Tr. 14:2-15:15 (acknowledging that Defendant did not have “any evidence” from Mr. Schonwald confirming his receipt of four prints); Def.’s Dep. 73:13-74:5; see also ECF No. 197, Def.’s Answer & Counterclaims ¶¶ 20-21.) Accordingly, the Court finds that Defendant has failed to adequately support his contention that he returned 135 of the Disputed Prints to Plaintiff in June 1999 and gave another four of the Disputed Prints to Mr. Schon-wald. See I.C.C. Metals, Inc. v. Municipal Warehouse Co., 50 N.Y.2d 657, 664 n. 3, 431 N.Y.S.2d 372, 409 N.E.2d 849 (1980) (“The explanation proffered by the [bailee] in such a case must be supported by sufficient evidence and cannot be merely the product of speculation and conjecture.”). As a result, these explanations are inadequate as a matter of law to relieve Kaspiev of liability for the 139 Disputed Prints that he' contends are not among the materials deposited with the Court.
iii. Possession of the Impounded Prints
’ As this action approaches its fifth year, the Court notes with relief that significant strides have finally been made toward resolving the parties’ competing claims over the 266 Khaldei photographs that Defendant has deposited with the Court. To the extent that further steps are needed, however, the parties once again have only themselves to blame. Although the Court concludes that Plaintiff is the owner of all 261 of the Disputed Prints and finds that Kaspiev is liable for the 139 Disputed Prints that he contends are not deposited with the Court, neither Plaintiff nor Defendant has come forward on the present motion with evidence identifying which of the 266 photographic prints currently impounded by the Court — all of which were taken by Khaldei — came from the 261 Disputed Prints as opposed to Kaspiev’s personal collection of Khaldei’s work. This is true even for the 122 Disputed Prints that Defendant claims áre among the materials deposited with the Court. (See Def.’s Dep. 116:3-17.) Nor has either party offered a basis for calculating the amount of compensatory damages that Plaintiff should receive for any of thé 261 Disputed Prints that are shown to be missing.
This failure must ultimately be corrected by Plaintiff, who — as the party seeking possession and damages — bears the burden of proof and must present to the Court a “proper basis for ascertaining the damages [she] seeks to recover.” See ESPN, Inc. v. Office of Com’r of Baseball, 76 F.Supp.2d 416, 418 (S.D.N.Y.1999); but see Fed. R. Civ. P. 56(d) (“If the court does not grant all the relief requested by the motion, it may enter an order stating any material fact ... that is not genuinely in dispute.”). Importantly, although Plaintiff contends that “many” of the descriptions contained in a contemporaneous list of the prints delivered by Plaintiff to Kaspiev in December 1997 are “too general to match to specific prints in the Court’s custody,” she has offered no evidence or analysis in support of this conclusion. (See Pl.’s Mem. at 151; ECF No. 216, Dale 2015 Decl. Ex. 8.)
Contrary to Plaintiffs contention, the Court agrees with Defendant that this contemporaneous list, which includes subject matter descriptions and dimensions for each of the 261 Disputed Prints, at least raises a question of fact as to whether it is possible to identify which of the 266 impounded photographs belong to Plaintiff. See Am. Capital Fin. Servs., Inc. v. Berry-Hill Galleries, Inc., No. 10 Civ. 2555, 2010 WL 4227307, at *4 (S.D.N.Y. *81.Oct. 19, 2010) (“[A] court may not award summary judgment [on damages] to a plaintiff if the defendant offers evidence that raises a factual question as to the proper measure and amount of plaintiffs damages”). Accordingly, Plaintiffs request for summary judgment granting her immediate possession of 261 of the 266 impounded Khaldei photographs is denied.5
2. The Corbis Negatives
In addition to seeking to recover the 261 Disputed Prints, Plaintiff also seeks possession of the 3,031 negatives that are currently impounded with the Court and which Defendant claims to have “received from Corbis” (ECF No. 215, Defl’s Response to Rule 56.1 Statement No. 34), together with compensatory damages for missing negatives that Plaintiff alleges were selected by Corbis under the License Agreement and returned to Defendant. For the reasons discussed below, Plaintiffs request for possession of the 3,031 impounded negatives is granted, but her request for damages is denied.
i. Possession of the Impounded Negatives
The Court’s previous decision denying Plaintiffs request for possession of the 3,031 impounded negatives reflected a desire to preserve the status quo while discovery was ongoing. (ECF No. 123 at 15.) Although the parties continue to quarrel, the Court recognizes that more than four years has passed since Defendant deposited with the Court all photographs and negatives taken by Khaldei in his possession — a period of time that is more than adequate to have afforded the parties a full opportunity to inspect the impounded materials — and that discovery is now complete. Moreover, as Plaintiffs memorandum points out, Defendant has expressly disclaimed any ownership .interest ip these 3,031.negatives. (See, ECF No. 215, Def.’s Response to Rule 56.1 Statement No. 34; see also ECF No. 118, Tr. 14:3-5.) Thus, in the absence of any dispute over ownership, Plaintiffs application for possession of the 3,031 negatives currently in the Court’s custody is granted.
ii. Plaintiffs Request for Damages
Turning next to .Plaintiffs request for compensatory damages, the Court must first determine the extent of Defendant’s responsibility for the Corbis Negatives. As an initial matter, the parties apparently agree that Corbis selected and scanned “at least 3,035 negatives under the License Agreement.” (See ECF No. 211, Roth-stein 2015 Aff. Ex. 2, Response to Pl.’s 2d RFAs, No. 14; see also PL’s Mem. at 2.) Although Kaspiev denies that- he is accountable for the return of these 3,035 negatives, as toe. Court observed in its prior summary judgment opinion, Kaspiev agreed to.- accept possession of the Corbis Negatives “as the representative of Mr. Khaldei’s heirs” in October. 1997. (ECF No. 66, Rothstein 2013.Aff. Ex. 5; see also ECF No. 123 at 17.) Kaspiev explains that he did so in order to pursue the sale of these negatives, together with other materials from the. Khaldei Estate, to the Library of Congress. (Def.’s Dep. 128:19-129:2.) Having bargained for possession, *82Defendant cannot now claim that the Cor-bis Negatives fall outside ..his contract of service with the Khaldei Estate.. ..
As with the 261 Disputed Prints, the Court 'therefore finds that Defendant is responsible as both agent for the Khal-dei'"Estate and as>a bailee for the return of the 3,035 negatives 'selected by Corbis under the License-Agreement and must account for any of the Corbis Negatives that are shown to be missing. See Baykam v. Martin/Molinary Art & Design Galleries, Ltd., No. 86 Civ. 1010, 1987 WL 12375, at *6 (S.D.N.Y. June 26, 1987) (concluding that a defendant who “knowingly took possession” of work consigned to another party “thereby assum[ed] the same duties as bailee as [the original consignee]”); Restatement (Third) of Agency § 8.12(3) and comment d (“An agent’s fiduciary duty ... requires thé agent to maintain-records of dealings on the principal’s behalf 'and provide them to the principal upon demand.”). In reaching this conclusion, the Court notes particularly Kaspiev’s admission that he kept the Corbis Negatives in his exclusive possession until he was ordered to deposit them with the Court in March 2011. (See Def.’s Dep. 87:2-5; see also ECF No. 18, Order dated Mar. 29, 2011.) Having maintained control over the Corbis •Negatives for more than a decade, Plaintiff can hardly be surprised that he must now account for their disposition during that time.
Consequently, in light of Defendant’s failure to produce all 3,035 negatives selected by Corbis under the License Agreement in response to Plaintiffs proper demand for their return (see ECF No. 215, Def.’s Response to Rule 56.1 Statement •No. 34 (acknowledging that Defendant has deposited 3,031 negatives with the Court)), the Court finds that Plaintiff has met her burden of establishing a presumption of liability against Defendant. See I.C.C. Metals, Inc., 50 N.Y.2d at 664, 431 N.Y.S.2d 372, 409 N.E.2d 849. It is .therefore incumbent upon Defendant to rebut this presumption by showing that these negatives are not missing or that the loss was caused, by something other than his -own negligence. See Maisel, 89 A.D.2d at 504, 452 N.Y.S.2d 192. Upon review of the full record, however, it is clear that Defendant has failed to do so.
Although Kaspiev contends that -some negatives may have been misplaced by Corbis or lost during delivery, he admits that he failed to keep any record of the negatives that he received from Corbis. (See Def.’s Dep. 57:5-7 (“Q. Did you count the negatives when you got them back from [Corbis]? A. I did not.”).) Instead, Kaspiev relies on his own testimony that he contacted Corbis at the end of 1997 after noticing that some of the negatives listed on Corbis’s website did not appear to be in his possession (ECF No. 71, Defi’s 2013 Decl. ¶ 46) and on a letter from Cor-bis confirming that it did not have “any outstanding Khaldei images to return.” (ECF No. 216, Dale 2015 Deck Ex.' 10.) But the. Corbis letter — the only documentary evidence submitted by Defendant in support of his explanation — does not actually indicate whether Corbis misplaced any of the negatives it selectéd, let alone how many may have been misplaced. See Baykam, 1987 WL 12375, at *5 (rejecting the defendant’s “barebones assertion that thé missing painting was, in "fact, stolen” and noting that “the explanation of the loss must show with reasonable certainty how it occurred”). ' Accordingly, the Court finds that Defendant has failed to adequately explain his failure to return to Plaintiff all 3,035 of the Corbis Negatives. As with the Disputed Prints, Plaintiff is therefore entitled to recover from Kaspiev compensatory damages for any of the Cor-bis Negatives that. Plaintiff shows are *83missing from the materials that Defendant deposited with the Court.
Despite this finding of liability, however, questions of fact once again preclude the Court from granting summary judgment on Plaintiffs request for compensatory damages for the missing Corbis Negatives. Critically, Plaintiff has not established the specific number of Corbis Negatives that are missing or-unaccounted for. See Grace v. Corbis-Sygma, 487 F.3d 113, 119-121 (2d Cir.2007) (noting that the bailor bears the burden to prove damages and noting that “[a] precise number of images is . necessary.”). Contrary to Plaintiffs'assertion that 855 of the Corbis Negatives are missing from the materials impounded by- the Court, Defendant maintains that all 3,031 negatives -that he deposited were “negatives Kaspiev received from Corbis.” (ECF No. 215, Def.’s .Response to Rule 56.1 Statement No. 34; see also Def.’s Dep. 100:5-101:24.) Thus, Defendant’s statements suggest that four— and not 855 — negatives may be unaccounted for. Additionally, Defendant continues to dispute the methodology used by Plaintiff to identify which of the 3,031 impounded negatives were selected and scanned by Corbis, noting that Defendant’s own investigation identified matches between the negatives currently in the Court’s custody and images bearing Corbis ID numbers that were not reflected in Plaintiffs initial assessment. (See ECF No. 211, Rothstein 2015 Aff. Ex. 1, Response to PL’s 1st RFAs, No. 10.) Consequently, the Court denies Plaintiffs request for summary judgment in the amount of $45,000 for lost Corbis Negatives because a- question of fact remains regarding how many of the negatives selected by Corbis under the License Agreement have been deposited with the Court.
3. Defendant’s Counterclaim for Royalties
Plaintiff also requests summary judgment on Defendant’s counterclaim that he is entitled under the Agency Agreement to 50 percent of the royalties paid to Plaintiff by Corbis from the time that the $25,000 advance was exhausted in 2005 until the agreement expires. In support, Plaintiff contends that Defendant forfeited any compensation owed to him for his activities as an agent under the faithless servant doctrine. Alternatively, Plaintiff asserts that Kaspiev’s counterclaim for royalties is untimely on the ground that the six-year statute of limitations began to run in 2003 when Defendant learned of the New Jér-sey action. (See Defl’s Dep. 87:6-13, 88:25-3.)
Plaintiff’s “faithless servant” argument presents a significant challenge to Defendant’s claim to a share of the. Corbis royalties.., See Samba Enters., LLC v. iMesh, Inc., No. 06 Civ. 7660, 2009 WL 705537, at *9 (S.D.N.Y. Mar. 19, 2009). Under New York law, an agent is obligated ‘“to be loyal ;to his employer and is prohibited from acting in any manner inconsistent with his agency or trust and is at all times bound to exercise the utmost good faith and loyalty in the performance of his- duties.’ ”, See Carco Grp., Inc. v. Maconachy, 383 Fed.Appx. 73, 76 (2d Cir.2010) (quoting Phansalkar v. Andersen Weinroth & Co., LP, 344 F.3d 184, 200 (2d Cir.2003)). Moreover, “it is elemental that a fiduciary owes a duty of,undivided and undiluted loyalty' to those whose interests the fiduciary is to protect,” which precludes “not only blatant self-dealing, but also require[s] avoidance of situations in which a fiduciary’s personal interest possibly conflicts with the interest of those owed a fiduciary duty.” See Birnbaum v. Birnbaum, 73 N.Y.2d 461, 466, 541 N.Y.S.2d 746, 539 N.E.2d 574 (1989); Po-*84koik v. Pokoik, 115 A.D.3d 428, 429, 982 N.Y.S.2d 67 (N.Y.App.Div.2014) (same); see also Black’s Law Dictionary 1390 (9th ed.2009) (defining self-dealing as “[p]artic-ipation in a transaction,that benefits oneself instead of another who is owed a fiduciary duty”).. Among other allegations, Plaintiff contends that Kaspiev breached his duty of loyalty by wrongfully withholding the Corbis Negatives from Plaintiff despite her demand for their return in June 1999 and by subsequently disappearing with Khaldei “materials” belonging to Plaintiff. (See PL’s- Mem. at 20.) Once again, the Court agrees.
As noted by other .decisions from this district, New York courts “continue to apply two alternative standards for determining whether an employee’s conduct warrants forfeiture under - the faithless servant doctrine.” See Stanley v. Skowron, 989 F.Supp.2d 356, 359 (S.D.N.Y.2013). The first — and more stringent — standard is satisfied Where “the misconduct and unfaithfulness ... ‘substantially violates the contract of service’ such that it (permeate[s] [the employee’s] service in its most material and substantial part.’” See id. (quoting Phansalkar, 344 F.3d at 203) (alterations in the original). By comparison, the second standard requires that'the agent’s misconduct “rise[] to-the level of a breach of a duty of loyalty or good faith.” Phansalkar, 344 F.3d at 202 (2d Cir.2003). In other words, it is sufficient that the employee “acts adversely to his employer in any part of the transaction, or omits to disclose any interest which would naturally influence his conduct in dealing with the subject of the employment.” Id.; Stanley, 989 F.Supp.2d at 360. An agent who is found to be faithless in the performance of his fiduciary duties is generally liable for all compensation from the date of the breach. See Carco Grp., 383 Fed.Appx. at 76.
Although New York courts have not defined the circumstances, if any, in which courts should apply one or the other of the two forfeiture standards, the Court need not resolve this issue because the record clearly demonstrates that Kaspiev is d faithless servant even under the more stringent standard. As an initial matter, the parties agree that Kaspiev’s counterclaim for a share of the Corbis royalties is based on paragraph 3 of the Agency Agreement, which sets forth Kaspiev’s compensation for acting as Khaldei’s — and later Khaldei’s heirs’ — “worldwide agent” in the promotion and sale of photographs. (See Pis. Mem. at 16; ECF No. 71, Def.’s 2013 Deck ¶ 25.) Moreover, although Defendant was not expressly charged with the sale of negatives under the original terms of the Agency Agreement, as the Court observed above, Defendant agreed to assume control over the Corbis Negatives in order to pursue a ■ sale to the Library of Congress, such that the Corbis Negatives must also be considered part of his contract of service. (See supra p. 81.)
Looking at the record, it is clear that Kaspiev substantially and materially violated the terms of his agency with respect to both the Corbis Negatives and the Disputed Prints. First, Kaspiev does not dispute that he failed to return the Corbis Negatives to Plaintiff as requested at their June 1999 meeting and thereafter kept them in his possession until 2011, when this Court ordered their impoundment. (Def.’s Dep. 87:2-5.) Nor does he deny that he continued to try and sell these negatives in return for 50 percent of any sales proceeds. '(Id. 157:18-161:14.) Kas-piev instead asserts that he acted out of a duty of loyalty to Khaldei and uncertainty about Plaintiffs right to take possession of the negatives. (See id. 56:9-60:8 (asserting that he withheld the negatives because *85Plaintiff failed to produce any “official paper” establishing her authority).) Moreover, he claims that he continued to pursue a deal to sell the negatives to the Library of Congress, despite Plaintiffs prior objection, because that is what Khaldei had wanted. (Id. 128:19-129:2.)
But Defendant’s claims — even if true at the time — do not explain his possession of the negatives for the next thirteen years, starting from when he received the negatives from Corbis at the end of 1997 (Def.’s Mem. at 24; Def.’s Dep. 100:5-8) and continuing until March 2011, when Defendant was ordered to deposit these and other Khaldei materials with the Court. See Ball v. Cook, No. 11 Civ. 5926, 2012 WL 4841735, at *4, *9 (S.D.N.Y. Oct. 9, 2012) (noting that defendant breached his fiduciary duty regarding artwork entrusted to him by the plaintiff by “refusing] to turn over, following Plaintiffs demand, Plaintiffs property remaining in his possession, custody, or control”). Defendant’s admission that he never communicated with Plaintiff between 2001 and 2007 (Def.’s Dep. 87:2-13, 88:25-3.), together with his inability to recall ever giving Plaintiff his address, telephone number, or any other means of direct contact after moving to1 Manhattan in 2001 because “we did not associate” (id. 132:25-134:21), only further highlight Kaspiev’s failure to act with any degree ,of fidelity during this period.
Likewise, Defendant also admits that he failed to return all of the Disputed Prints to Plaintiff as she requested at their June 1999 meeting. (Id. 56:2-5, 74:17-20.) According to Defendant, he withheld half of these prints because Plaintiff failed to return the $7,500 he had paid toward them, stating “[s]he will pay me [$7,500], and I’ll give [her] the second half.” (Id. 130:2-9.) As discussed above, however, Defendant held these prints as a consignment and in, trust for Plaintiff and the Khaldei Estate.: Under the ACAL, artwork held by an art merchant as trust property- is not subject “to any claims, liens or security interest of any kind or nature whatsoever.” N.Y. Arts & Cult. Aff. Law § 12.01(a)(v). Accordingly, Kaspiev’s claim that he had paid Plaintiff $7,500 — even if true — did not entitle him to withhold from Plaintiff half of the Disputed Prints. See Zucker v. Hirschl & Adler Galleries, Inc., 170 Misc.2d 426, 433, 648 N.Y.S.2d 521 (N.Y.Sup.Ct.1996) (concluding that the ACAL expressly precludes an art merchant from withholding an artist’s work on the' basis of a claim or security interest); see also Wesselmann v. Int’l Images, Inc., 259 A.D.2d 448, 449, 687 N.Y.S.2d 339 (N.Y.App.Div.1999) (noting that the fact that the defendant may have been entitled to reimbursement “did not alter the trust relationship, and did not create a security interest in the art work in favor of that defendant”). Further, Kaspiev’s alleged belief that he was a Co-owner of these prints does not excuse his misconduct, as there' is “nothing in New York law to suggest that an agent’s specific intent to defraud is required to warrant forfeiture.” Phansalkar, 344 F.3d at 204 (citing Lamdin v. Broadway Surface Adver. Corp., 272 N.Y. 133, 137, 5 N.E.2d 66 (1936)).
Finally, although Defendant attempts to avoid liability by claiming that Kaspiev’s possession of the negatives has not harmed Plaintiff, where an agent is found to be faithless, it is no defense “ ‘that the services were beneficial to the principal", or that the principal suffered no provable damage as a result of the breach of fidelity by the agent.’” See Phansalkar, 344 F.3d at 200 (quoting Feiger v. Iral Jewelry, Ltd., 41 N.Y.2d 928, 928-29, 394 N.Y.S.2d 626, 363 N.E.2d 350 (1977)). Where, as here, a Defendant has engaged in multiple acts of disloyalty over a significant period of time — lasting -not just
*86months, but years — and which “persisted boldly through an opportunity to correct” that disloyalty, forfeiture of any .compensation owed during that time is clearly warranted. See Phansalkar, 344 F.3d at 202; Stanley, 989 F.Supp.2d at 362; Tyco Intern., Ltd. v. Kozlowski, 756 F.Supp.2d 553 (S.D.N.Y.2010).
In reaching this conclusion,, the Court declines to apportion forfeiture so as to exclude the Corbis royalties. As noted by the Second Circuit.in Phansalkar, apportionment is warranted only where: (1) the parties previously agreed that the agent would “be paid on a task-by-task basis (e.g„ a commission on each sale arranged by the agent); (2) the agent engaged in no misconduct at all with respect .to certain tasks; and (3) the agent’s disloyalty with respect to other tasks ‘neither tainted nor interfered with the completion of the tasks as to which the agent was loyal.” Phansalkar, 344 F.3d at 205 (quoting Musico v. Champion Credit Corp., 764 F.2d 102, 114 (2d Cir.1985)). Here, however, Kaspiev’s misconduct clearly tainted the task for which he seeks compensation, as Defendant’s counterclaim for royalties seeks payment for his work involving the very same negatives that he wrongfully withheld. Accordingly, Plaintiffs request, to dismiss Kaspiev’s counterclaim for a share of the Corbis royalties is granted. As a result, the Court need not address Plaintiffs alternative argument-that Kaspiev’s counterclaim for royalties is untimely.
4. Damages and Other Relief
The “happy day” when this aged matter can be resolved is close at . hand. (ECF No. 123 at 15.) Nevertheless, several additional issues remain that cannot be resolved on the present, motion.
First, , issues of fact preclude summary judgment on Kaspiev’s claim that he paid- Plaintiff $7*500 in December 1997 in exchange for an interest in the Disputed Prints. . Specifically, despite Plaintiffs assertion that Kaspiev failed to document this alleged payment, Defendant maintains that it is incorporated in a December 14, 1997 receipt for $20,000. This receipt is in the record, is signed by Plaintiff, and states that Plaintiff and her father “have together received $20,000 ... in cash from Kalman Kaspiev, for the period beginning in January 1997 and up until today.” (ECF No. 216, Dale 2015 Deck Ex. 9.) On its face, this receipt reasonably suggests that Plaintiff did receive money from Kas-piev during their meeting in December 1997 and is sufficient to create a question of fact that precludes summary judgment at this time.
Second, Plaintiff is also not entitled to summary judgment on her claim for lost licensing revenue based on the assertion that Kaspiev failed to promote Khal-dei’s work. Plaintiff asserts that “Kaspiev did not provide captions” for 1,169 images on Corbis’s website (Pb’s Mem. at 18), which she contends has caused her to lose approximately $10,000 in potential revenue under the License Agreement. Looking at the plain language' of the Corbis Agreement, however, it clearly states' that the “Licensor [i.e., Khaldei] will deliver caption information related to each selected image,” with Kaspiev’s responsibility being to “translate all caption information into English.” (ECF No. 66, Rothstein 2013 Aff. Ex. 3 ¶ 6.) Thus, the absence of captions in and of itself does not establish that Kaspiev breached his obligations under the Corbis Agreement to promote Khaldei’s work. Instead, Defendant has stated that he “provided English translations of Khal-dei’s captions for those negatives that Cor-bis asked Defendant to translate.” (See ECF No. 211, Rothstein 2015 Aff. -Ex. 2, Response to Ph’s 2d RFAs* No..7.) At the very least, then, summary judgment is precluded by the existence of an issue of *87fact as to whether there were additional images for which captions were provided by Khaldei but not translated by Kaspiev.
Finally, the Court denies Plaintiffs request for an order requiring Kaspiev to surrender to Plaintiff any negatives taken by Khaldei in Defendant’s possession, custody, or control. The requested relief has already been addressed by the Court’s March 29, 2011 order directing Defendant to deposit these same materials with the Court (see ECF No. 18) and by the present order granting Plaintiff possession of all 3,031 impounded negatives (see supra pp. 80-81.)
III. Conclusion
For the foregoing reasons, Plaintiffs motion for possession of the 3,031 negatives currently in the Court’s custody and her request to dismiss Defendant’s counterclaim for a share of the Corbis royalties is granted. At the same time, the Court denies Plaintiffs requests for (1) immediate possession of 261 of the impounded photographic prints, (2) damages for the missing Corbis Negatives and for lost licensing revenue, (3) injunctive relief, and (4) an order precluding Defendant from seeking a refund of the $7,500 that he. allegedly paid toward a share of the Disputed Prints. Counsel are directed to appear in Courtroom 20-C on November 5, ' 2015 at 11:45 a.m. for a conference to set a time for trial on all remaining issues. The parties are also directed to engage in good ■ faith settlement.negotiations prior to. the' next conference.
SO ORDERED.
. The names “Yevgeniy Khaldey” and “Evge-ny Khaldei” refer to the same individual and reflect only differences in translation.
. Previously, Defendant claimed that he only received 248 photographic prints from Plaintiff in December 1997. Following discovery, however, the parties apparently agree that 261 prints were delivered. According to Defendant, these included 248 that were signed by Khaldei, as well as 13 that were not signed. (Def.’s Dep. 115:17-24; see also ECF No. 216, Dale 2015 Decl. Ex. 8.)
. Although Plaintiff contends that Kaspiev has failed to account for the 55 additional negatives allegedly given to him by Plaintiff in December 1997, these negatives are not raised in Plaintiff's request for damages in the instant motion. Instead, as discussed below, Plaintiff seeks damages only for “855 of the negatives that Corbis selected and scanned under the License Agreement," which Plaintiff claims are missing. (See PL’s Mem, at 5, 22 (distinguishing between the "855 .... negatives that Corbis selected and scanned under the License Agreement” and "the 55 duplicate negatives" that Defendant received from Plaintiff, and calculating damages based only on the former).)
. As both parties agree that New York law governs their relationship, the Court will apply the substantive law of New York State in addressing the present motion. See Krumme v. WestPoint Stevens Inc., 238 F.3d 133, 138 (2d Cir.2000) ("The parties’ briefs assume that New York law controls, and such ‘implied consent ... ,:is sufficient to establish choice of law.' ” (quoting Tehran-Berkeley Civil & Environmental Engineers v. Tippetts Abbett-McCarthy-Stratton, 888 F.2d 239, 242 (2d Cir.1989))).
. In reaching this conclusion, the Court also declines Plaintiff's suggestion, that Defendant may be made to surrender prints from his personal collection of Khaldei’s work in order to compensate Plaintiff — which would avoid the need to determine the ownership of each individual impounded photograph. Unlike the cases to which Plaintiff cites, the goods at issue here — photographic prints — are discrete goods for which .substitution is not appropriate. Cf. Conroy v. Cadillac Fairview Shopping Ctr. Prop. (Md.), Inc., 143 A.D.2d 726, 533 N.Y.S.2d 446 (2d Dep’t 1988) (addressing the commingling of partnership funds).