The fertilizer titan alleged that the auction house helped a Swiss art dealer cheat him out of over $160 million by quietly imposing huge markups on works that he acquired.
In private transactions, Sotheby’s sold Bouvier some works that he then resold to Rybolovlev.
Well, not only of money," Rybolovlev said, through a court interpreter on the witness stand.
Rybolovlev’s lawyers said Bouvier bought it from Sotheby’s for $83 million, then sold it on to the billionaire a day later for over $127 million.
In 2017, Rybolovlev sold it through Christie’s for a historic $450 million and it became the most expensive painting ever sold at auction.
Persons:
Sotheby’s, Leonardo, ”, Dmitry Rybolovlev's, he'd, Sotheby's, “ Today’s, Daniel Kornstein, ” Rybolovlev, Picasso, Rodin, Modigliani, Klimt, Magritte, Leonardo da Vinci, Yves Bouvier, Bouvier “, Bouvier, Rybolovlev, it’s, ” Sotheby’s, Sara Shudofsky, Vinci’s, Salvator Mundi, Jesus Christ
Organizations:
The New York Times
Locations:
U.S, York, The, Swiss, Sotheby’s