Russian tycoon loses $230 million art trial in US ...News

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Russian tycoon loses $230 million art trial in US
Dmitry Rybolovlev had sued the auction house Sotheby’s for allegedly helping an art dealer defraud him A New York jury has ruled against Russian billionaire Dmitry Rybolovlev in a high-profile court case the businessman brought against art auction house Sotheby’s, which he accused of aiding and abetting fraud. Rybolovlev claimed that Sotheby’s was involved in a scheme allegedly orchestrated by Swiss art dealer and adviser Yves Bouvier, whom the businessman accused of flipping art purchases to him at a high markup and pocketing the difference, despite his belief that Bouvier was acting as his agent and adviser. Ryb

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