The inner workings of the art market were explored during the trial, which ended with Sotheby’s cleared of any role in what a Russian oligarch said was a scheme to defraud him.
A Russian billionaire has accused the auction house of aiding a scheme that led him to hugely overpay for artworks. Sotheby’s said the billionaire had simply not done his homework.
An adviser to Dmitry Rybolovlev said the opinions of an expert from the auction house were used to persuade him to buy overpriced art. Sotheby’s said it was not part of any scheme.
At trial next week, Dmitry Rybolovlev is set to accuse Sotheby’s of helping an art dealer trick him into wildly overspending for works, a claim the company disputes.
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