European Commission president Jean-Claude Juncker must close tax loopholes

 February 05, 2019

“German politician Wolf Klinz describes the art storage facility as “high risk” for money laundering and tax evasion” – reports Anny Shaw at The Art Newspaper. More and more Freeports are opening and helping the tax free art transactions in favour of diversified tangible asset portfolios. These Freeports are also considered as the most effective […]

Russian Billionaire Dmitry Rybolovlev Accuses Sotheby’s of Price Inflation in a $380 Million Suit

 October 04, 2018

“Despite turning hefty profits on artworks, the Russian billionaire continues his international legal fight with dealer Yves Bouvier.” – reports artnet News. Russian billionaire Dmitry Rybolovlev has come out swinging—once again—in his years-long international art fight with dealer and former freeport owner Yves Bouvier. Now, he has Sotheby’s in his crosshairs. This past summer, Rybolovlev […]

The Billionaire Who Bought Trump’s Mansion Faces Scrutiny in Monaco

 September 07, 2018

Just how much influence Dmitry Rybolovlev, a Russian billionaire whose penthouse overlooks the harbor in Monte Carlo, has over Monaco officials is the subject of a judicial inquiry. – reports The New York Times There was a time here, in this principality on the Riviera, when Dmitry Rybolovlev could have been mistaken for royalty as he […]

A Billionaire is suing his art dealer in Switzerland for allegedly marking up the prices of art and pocketing the extra

 July 10, 2018

“The collector says he was inspired to sue after discovering the ongoing legal dispute between Dmitry Rybolovlev and Yves Bouvier.” – reports artnet News. An unnamed Russian billionaire and his son have launched a lawsuit against their art dealer, who helped them build a collection worth an estimated CHF 600 million ($607 million). The family […]

US Prosecutors Drop Investigation Into Yves Bouvier After Collector Who Cried Foul Turned Massive Profit on ‘Salvator Mundi’

 May 31, 2018

“US investigators opened a fraud probe into the Swiss dealer, but dropped the case when his so-called victim reaped a $270 million reward.” – reports artnet News It’s hard to cry foul when you’ve just cashed in on a $450 million painting. That, apparently, is the lesson of an unusually timed—and flat-out unusual—story published by […]

Monaco resident Russian Billionaire Dmitry Rybolovlev Continues His Epic Legal Crusade Over the ‘Largest Art Fraud in History’

 February 13, 2018

“Meanwhile, Rybolovlev’s Palm Beach real estate deal with Trump is drawing new scrutiny from US authorities.” – reports artnet News Russian billionaire Dmitry Rybolovlev is continuing to doggedly pursue his former art advisor Yves Bouvier in an international legal battle that becomes more complex by the day. Rybolovlev’s latest efforts constitute something of a one-two […]

Sotheby’s dragged into £730million legal battle with Monaco resident billionaire

 January 14, 2018

One of Britain’s most famous auction houses could be pulled into a $1 billion legal battle between the Monaco resident Russian billionaire and a renowned art dealer. Dmitry Rybolovlev, a Russian businessman and owner of AS Monaco football club, is reportedly preparing to take Sotheby’s auction house to a British court to claim it helped […]

Sotheby’s and Yves Bouvier Hit Back Against ‘Salvator Mundi’ Seller Rybolovlev In Ongoing International Feud

 November 23, 2017

Sotheby’s has been dragged into the sprawling legal fight waged by the Russian billionaire. 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 […]

The last known painting by Leonardo da Vinci just sold for $450.3 million

 November 15, 2017

The 500-year-old painting (owned by Monaco resident) is, by far, the most expensive work ever sold at auction. After weeks of anticipation, it finally happened: Leonardo da Vinci‘s Salvator Mundi (circa 1500), billed as the last known painting by the Renaissance master in private hands, sold at Christie’s for $450.3 million. It is, by far, the […]

Yves Bouvier Sells Off His Art Storage Company as Legal Battle Rages On

 October 27, 2017

The “freeport king” sold Natural Le Coultre, his Gevena-based art-storage company, to the French shipping company André Chenue for an undisclosed sum. The buyer beat out American competitors for the company, as Bouvier’s legal battle with Dmitry Rybolovlev continues. Read the full article at the Tribune de Genève

%d bloggers like this: