"Billionaire Art Collector Accuses Sotheby's of Cheating in $2 Billion Purchase"

1 min read
Source: Yahoo News
"Billionaire Art Collector Accuses Sotheby's of Cheating in $2 Billion Purchase"
Photo: Yahoo News
TL;DR Summary

Russian billionaire Dmitry Rybolovlev accuses Sotheby's of colluding with a Swiss art dealer to cheat him out of tens of millions of dollars, testifying tearfully in court about feeling betrayed and emphasizing the need for transparency in the art market. He claims Sotheby's knew or should have known about the alleged fraud and seeks to hold them accountable for his losses. Sotheby's denies the allegations, arguing that Rybolovlev is trying to make an innocent party pay for someone else's actions. The trial revolves around the purchase of several art pieces, including the famous Leonardo da Vinci painting "Salvator Mundi," and has drawn attention to murky practices in the high-stakes art world.

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