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Shudofsky said the fertilizer magnate, a savvy businessman who has run highly successful businesses, had "good reason to be angry with himself" after spending hundreds of millions of dollars to buy art masterpieces without taking "the most basic steps" to protect himself from a broker who cheated him.
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Dmitry Rybolovlev had accused a Swiss art dealer of overcharging him by nearly $US1 billion while purchasing 38 paintings on his behalf. One of the pieces also had authenticity concerns.
Two powerful art world billionaires, Dmitry Rybolovlev and Yves Bouvier, have finally settled their decade-long art feud.
The Russian oligarch had accused the Swiss businessman of swindling him out of €1.1bn by overcharging him on art