Stay updated with breaking news from Isaac Sultan. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
As a tax evasion lawsuit moves forward, Sotheby's is also challenging the New York Attorney General's access to more documents.
A view outside Sotheby's in New York City. Photo by Noam Galai/Getty Images. Sotheby’s has come out swinging against New York Attorney General Letitia James after her office alleged that the auction house bilked the public out of huge tax revenues in a lawsuit filed in early November. The AG alleged that a collector had evaded taxes on $27 million worth of art purchases—and that Sotheby’s helped them do it. On Friday, Sotheby’s filed a 27-page memo in New York State Supreme Court asking a judge to dismiss the case. Attorneys for Sotheby’s cited several reasons, including that the a...