Dmitry Rybolovlev wants to sue Sotheby's $380 000 000
ARTinvestment.RU   03 октября 2018

The billionaire believes that the auction house "Sotheby's" contributed to "the implementation of fraudulent schemes," which, in his opinion, made the Swiss art-дилер Yves Bouvier

the Lawsuit was filed in Federal district court in new-Йорка. This became known Bloomberg. In turn, "Vedomosti" received confirmation from a representative of Rybolovlev, and the amount of the claim is correct.

Specific episodes, which formed the basis for the amount of the claim, the public are not reported. Why I counted 380 million — is also not yet known. But in General the essence of the claims is clear: it is assumed that a participation of such authoritative structures as the "Sotheby's" in the buying process works for Rybolovlev through Bouvier reduced the vigilance of the Russian billionaire and contributed to the purchase of the paintings with a large overpayment.

This story began 7 years-8 ago, when Dmitry Rybolovlev has sold a controlling stake of Uralkali and almost a third of its 6-миллиардного capital invested in the arts. Buy masterpieces for $2 000 000 000 he helped the dealer of Yves Bouvier. Thought Rybolovlev, he had traded in his interests and get a percentage for this. But price, apparently no one checked, so many years Bouvier bought the painting with the overpayment, and the difference was taken away. So says Rybolovlev. And it seems to be true. Because as soon as part of the 38 purchased paintings put up for public auction, the received the conditional loss of more than $250 000 000. Part of the losses can, however, be attributed to the haste in which he made a sale. But it is the nuances.

This is not the first lawsuit Rybolovlev associated with investments in art, which was filed in new-Йорке. Previously, he ibid pursued Bouvier for the loss of the purchase of the painting "the Saviour of the world". It is assumed that Bouvier bought it for $ 80 million, and Rybolovlev sold for 127, hiding that makes this the deal of about $ 47 million. Suddenly super successful resale of "Savior of the world" brought the most Rybolovlev about $300 000 000. The lawsuit against Bouvier had to withdraw (or as-то else to call it).

Now the billionaire began, "Sotheby's".

the representative of the auction house said in court that the lawsuit has no merit.

Following.

V. B., AI

Sources: Bloomberg.com, news.mail.ru, vedomosi.ru

What else to read on the topic on AI:
In new-Йорке discontinued the investigation against Yves Bouvier at the suit rybolovleva;
Bloomberg calculates losses Rybolovlev from investment in the arts;
Leonardo sold for $450 312 500;
Russian multimillionaire Shcherbakov filed a lawsuit against the Swiss dealer Thierry Obaka.