"Oligarch's Legal Battle with Sotheby's Captivates Art Industry"
Russian billionaire Dmitry Rybolovlev is taking Sotheby's to court, alleging that the auction house assisted art dealer Yves Bouvier in defrauding him over the purchase of several high-value artworks, including a Modigliani sculpture and da Vinci's "Salvator Mundi." Rybolovlev claims Bouvier inflated prices and misrepresented his role as an adviser when he was actually acting as a dealer. Sotheby's denies wrongdoing, stating they followed industry standards. The trial is set to shed light on the often opaque art market and could set new precedents for transparency and fiduciary duties within the industry.