"Sotheby's Accused of Art Fraud by Russian Billionaire"
TL;DR Summary
An aide to Russian billionaire Dmitry Rybolovlev testified in a Manhattan court that a Sotheby's expert's opinions were used to persuade them to overpay for art, as part of a case against Sotheby's for allegedly helping a Swiss art dealer defraud Rybolovlev. The dealer, Yves Bouvier, denies any wrongdoing and claims he operated as an independent dealer. Sotheby's maintains it was not aware of any fraud and that Rybolovlev should have taken reasonable measures to protect himself. The trial is shedding light on the secretive art trade and is expected to last about six weeks.
- Russian Billionaire’s Aide Testifies That Sotheby’s Helped Defraud Him The New York Times
- A Russian billionaire blames Sotheby's for losing millions on art by Picasso and da Vinci The Associated Press
- Dmitry Rybolovlev’s lawyers attack Yves Bouvier at Sotheby’s trial ARTnews
- Russian Billionaire Rybolovlev's Case Against Sotheby's Kicks Off With a Fiery First Day in a New York Court artnet News
- A Russian billionaire blames Sotheby’s for losing millions on art by Picasso and da Vinci Forex Factory
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