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☆ Tearful Russian Billionaire Who Spent $2 Billion on Art Tells Jurors Sotheby's Cheated Him
  + stars: | 2024-01-12 | by ( Associated Press | Jan. | At P.M. | ) www.usnews.com   time to read: +4 min
His legal team said Bouvier pocketed the sum by buying famous artworks from Sotheby's before selling them to Rybolovlev at marked up prices. In all, Rybolovlev spent about $2 billion on art from 2002 to 2014 as he built a world-class art collection. In his testimony, Rybolovlev blamed murky practices in the blue-chip art world for leaving him damaged financially. When asked by his lawyer why he sued Sotheby's, Rybolovlev said: “So it's not an issue of money. Rybolovlev claims he was purposefully deceived by Bouvier and a London-based executive at Sotheby's as he bought 38 art pieces.
Persons: he'd, Dmitry Rybolovlev, Rybolovlev, Yves Bouvier, “, I'm, ” Rybolovlev, Bouvier, didn't, ”, Sotheby's, it's, Sara Shudofsky, Daniel Kornstein, “ Sotheby’s, Leonardo da Vinci’s, Salvator Mundi, Bouvier's, David Bitton, Yves Klein, Bouvier “, Trump, Vladimir Putin, Kornstein, hasn’t Organizations: Sotheby’s, Sotheby's, Russia Locations: Swiss, Manhattan, London, New York, Singapore , Hong Kong , New York, Monaco, Geneva, Switzerland, Ukraine, Russia
☆ 5 red flags to look out for when working with a real-estate agent, according to experts
  + stars: | 2023-05-23 | by ( Elana Klein | ) www.businessinsider.com   time to read: +5 min
From unclear fees to conflicts of interest, there are signs you should find a new real-estate agent. Keep an eye out for conflicts of interestClients singing documents with a real-estate agent. "In truth, it is the responsibility of the seller's agent to maximize the seller's return on investment. As a seller, your real-estate agent's availability to show your home to interested parties should be unbroken," she continued. "The commission paid to the real-estate agent is often a portion of the property's sales price.
☆ Apartment buildings are all the rage in real estate, and property-management company DoorLoop says it's 'riding that wave.' Here's the pitch deck it used to secure $20 million in funding.
  + stars: | 2022-09-20 | by ( Kelsey Neubauer | ) www.businessinsider.com   time to read: +2 min
DoorLoop, a proptech firm, provides property-management systems to landlords. property-management systems to landlords. DoorLoop, a proptech company that provides property-management systems to landlords, is finding itself in the right place at the right time. Alpine Software Group, a part of the private-equity firm Alpine Investors with a stake in the real-estate software company Homebot, provided the newest funding. DoorLoop, founded in 2019, sells its property-management software to both residential and commercial landlord customers.
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