Russian Billionaire's Legal Battle with Sotheby's Over Art Loss

TL;DR Summary
Russian billionaire Dmitry Rybolovlev accuses Sotheby's of participating in an elaborate fraud that led to him losing tens of millions of dollars on art purchases, including works by Picasso and da Vinci. Sotheby's denies any knowledge or participation in the alleged misconduct, while Rybolovlev's lawyer claims that a trusted art broker, Yves Bouvier, secretly marked up prices and pocketed millions. The trial sheds light on high-stakes art transactions and their significance to auction houses, with Rybolovlev expected to testify.
Topics:business#art-fraud#auction-houses#dmitry-rybolovlev#high-stakes-art-transactions#legalart#sothebys
- Russian billionaire blames Sotheby’s for losing millions on art by Picasso and da Vinci The Independent
- Russian oligarch faces off against Sotheby's in trial over art sales Financial Times
- Russian billionaire says Sotheby’s helped dupe him out of millions for da Vinci’s ‘Lost Leonardo’ and paintings by Klimt and Magritte Fortune
- Russian Billionaire Rybolovlev’s Case Against Sotheby’s Kicks Off With a Fiery First Day in a New York Court artnet News
- Russian Oligarch Dmitry Rybolovlev Takes on Sotheby’s in New York Court Battle ARTnews
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