Russian Oligarch Dmitry Rybolovlev's Legal Battle with Sotheby's Over Art Sales
TL;DR Summary
Russian oligarch Dmitry Rybolovlev is suing Sotheby’s, alleging that the auction house aided art dealer Yves Bouvier in overcharging him by $1 billion for 38 works of art. The case centers on Bouvier's dual role as both adviser and dealer, with Sotheby’s accused of inflating valuations to disguise Bouvier’s inflated prices. The artworks in question include pieces by Amedeo Modigliani, René Magritte, Gustav Klimt, and Leonardo da Vinci. The trial has the potential to shed light on questionable practices in the art market.
- Russian Oligarch Dmitry Rybolovlev Takes on Sotheby’s in New York Court Battle ARTnews
- Russian oligarch sues Sotheby’s for ‘helping art dealer trick him into overpaying’ The Guardian
- At trial, a Russian billionaire blames Sotheby's for losing millions on art by Picasso, da Vinci The Associated Press
- Russian oligarch faces off against Sotheby's in trial over art sales Financial Times
- Russian Billionaire and Sotheby's Fight Over 'The Lost Leonardo' Painting Bloomberg
Reading Insights
Total Reads
0
Unique Readers
2
Time Saved
3 min
vs 4 min read
Condensed
88%
677 → 83 words
Want the full story? Read the original article
Read on ARTnews