centerlogobigAAD logo

enarzh-CNnlfrdehiplrues
Art

Lost in the fog of legal combat and tabloid headlines is the fact Rybolovlev has been put on the sanctioned Oligarchs list by the Trump Administration.

After one saw the DaVinci sell for $450 million last year perhaps these Bouvier-Rybolovlev lawsuits might have come to an end. For Sothebys, alas, such is not the case here as Rybolovlev picks up where Robert Simon left off.

dmitry rybolovlev Dmitry Rybolovlev

Screen Shot 2018 10 01 at 16.18.23

The epic international legal drama that has pitted a Russian billionaire against a Swiss art entrepreneur took a new turn on Tuesday with Dmitry Rybolovlev slapping Sotheby’s auction house with a $380 million lawsuit in New York.

Rybolovlev, who sold two Russian fertilizer producers for almost $7.5 billion in 2010 and 2011, has been pursuing Yves Bouvier around the globe for several years, claiming the art dealer owes him more than $1 billion. Rybolovlev accused Bouvier of overcharging him on 38 artworks that he purchased for $2 billion over more than a decade.

To read more on Bloomberg:

https://www.bloomberg.com/news/articles/2018-10-02/billionaire-rybolovlev-slaps-sotheby-s-with-380-million-lawsuit

Screen Shot 2018 10 01 at 16.18.23

You may also like to read:

*  Salvator Mundi Returns, this time to Christie's

*  Salvator Mundi Clip

*  Amended complaint by Yves Bouvier

*  Da vinci Discovery: Rare Drawing, Valued at $16m, found

 

About the Author

AAD REPORTS

AAD REPORTS

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