centerlogobigAAD logo

enarzh-CNnlfrdehiplrues
Art

The Russian billionaire Dmitry Rybolovlev should be having a pretty good month. Last week, he turned a $270 million profit on Leonardo da Vinci‘s painting Salvator Mundi (c. 1500) in what is now the priciest art sale ever. But his victory lap may have been cut short by a claim for declaratory judgment filed in Geneva against one of his companies by Sotheby’s and his former art advisor Yves Bouvier.

The pair are separately seeking to block Rybolovlev’s efforts to use confidential documents related to his original purchase of Salvator Mundi from Bouvier in a sale brokered by Sotheby’s. Neither Sotheby’s nor Bouvier is seeking monetary damages, but they have asked a judge to forbid the documents from being used in a case he has threatened to file in the UK. Sotheby’s and Bouvier maintain that Switzerland is the proper forum for the dispute and that Rybolovlev is seeking to manipulate the legal system by trying to gain access to the documents in the US rather than in Switzerland or the UK.

To Read More on Artnet:

https://news.artnet.com/art-world/sothebys-and-yves-bouvier-sue-rybolovlev-in-ongoing-international-feud-1156712

Screen Shot 2018 02 04 at 12.44.58

You may also like to read:

*  Art Dealer Quizzed After Billionaire’s Fraud Complaint

*  Amended complaint by Yves Bouvier

*  Russian Billionaire Takes 74% Loss on $85 Million Gauguin

*  Sotheby's Role in Major Da Vinci Sale Disputed

*  A Little Bit of History & Controversy, Goes a Long Way

 

About the Author

AAD REPORTS

AAD REPORTS

AAD REPORTS   Reports, news and opinion from Art-Antiques-Design.com