"Art Fraud Trial: Russian Billionaire Testifies and Sotheby's Responds"

Russian billionaire Dmitry Rybolovlev testified in the ongoing trial against Sotheby's, alleging that the auction house colluded with Swiss art dealer Yves Bouvier to overcharge him by $1 billion for artworks. Rybolovlev grew suspicious after learning of discrepancies in reported prices for artworks he had purchased, leading to doubts about the transparency of the art market. Sotheby's attorney emphasized Rybolovlev's role in the purchases and suggested that he was ultimately responsible for the transactions.