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Among them was the “Salvator Mundi,” which Bouvier bought for $80 million before quickly selling it on to his then-client for $127.5 million. Speaking to CNN in 2021, Bouvier maintained that he had acted as a dealer, not an art adviser, and was thus entitled to mark up prices. The Russian billionaire lost his lawsuit against auction house Sotheby's yesterday. Jeenah Moon/Bloomberg/Getty ImagesThe case has been among the highest-profile art fraud disputes in recent years, offering a view into an often-secretive industry where wealthy buyers sometimes don’t know who they are buying from. Rybolovlev was allowed to sue over “Salvator Mundi” even though his ownership had proven unusually profitable.
Persons: oligarch Dmitry Rybolovlev, Rybolovlev, Sotheby’s, Yves Bouvier, “ Salvator Mundi, Leonardo da Vinci, Bouvier, Salvator Mundi, Dmitry Rybolovlev, Daniel Kornstein, Sotheby’s “, ” Sotheby’s, Jesse Furman, Leonardo, Gustav Klimt, Rene Magritte, Amedeo Modigliani, Furman, Pablo Picasso, Auguste Rodin, Henri de Toulouse, Lautrec, Organizations: CNN, Forbes, AS Monaco soccer, Bloomberg, Getty Locations: Swiss, New York, Russian, Switzerland, Singapore, Monaco, Hong Kong, Manhattan
During Art Basel Miami next month, St. Fleur said that he intended to visit the art fairs with former N.B.A. players like Deron Williams, Courtney Lee and Amar’e Stoudemire, and that he was arranging a private dinner for some of his athlete clients at a collector’s home on Star Island. There are other signs that the influence of athletes who collect art has been growing in recent years. He served on the board of advisers of the Hammer Museum in Los Angeles and now serves on the board of the Hirshhorn in Washington. “I wanted to think outside the box and give our players #athletes an opportunity to engage with ART done by African American Artists and respond to the cultural richness of these artists, as well as draw their own interpretation of the works.”
Persons: Kevin Love, Cindy Sherman, Cy Twombly, Ernie Barnes, Fleur, Deron Williams, Courtney Lee, Amar’e Stoudemire, Keith Rivers, Kerry James Marshall, Sonia Gomes, Thaddeus Mosley, Elliot Perry, , Organizations: Miami Heat, Art Basel Miami, Star, Art Foundation, Hammer Museum, Hirshhorn, Memphis Grizzlies, American Artists Locations: New York, Manhattan, Los Angeles, Washington
In 2019, Sotheby’s sold a work by Giovanni Battista Tiepolo, the master painter, that was left behind in Austria when a Jewish gallery owner fled the Nazis in 1938. Sotheby’s says that at the time of the sale it didn’t know that history, and so the auction catalog only mentioned that the work came from a “distinguished private collection” and had once been in the possession of the Galerie Wolfgang Böhler in Bensheim, Germany. But, according to court papers filed Friday, the painting had actually passed through the hands of Julius Böhler, a separate and unrelated art dealer in Munich whom American authorities described in 1946 as someone who had been “implicated in art looting activities.”Now three heirs of the Jewish gallery owner, Otto Fröhlich, are saying in the court papers that Sotheby’s “misled the public” by attributing the painting to the wrong gallery. This had the effect, the heirs said, of making a sale easier and “perpetuating the very cycle of injustice and exploitation that began in 1938 and that the international and national restitution laws and policies were designed to prevent.”Sotheby’s, in response, attributed the provenance attribution in the 2019 catalog to “human error.” The auction house said in a statement that it conducted new research after first hearing from the heirs and learned of an owner before Fröhlich who had been subject to Nazi persecution and whose heirs may have grounds for a claim.
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