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Date: 5 months ago   Category: Law

Rybolovlev has legal proceedings with Sotheby's


The businessman has submitted a claim to Federal district court of New York. He considers that the auction house has helped the art dealer Yves Bouvier to swindle, and as compensation Dmitry Rybolovlev demands $380 million. Photo: Panoramic\Zuma\TASS Is updated in the 13:47eks-owner of Uralkali Dmitry Rybolovlev has submitted a claim to Federal district court of New York, Bloomberg reports. According to him, the auction house has helped the art dealer Yves Bouvier to realize fraud and to profit on money of the businessman. As compensation he demands 380 million dollars. When Rybolovlev in 2010 has sold a controlling stake of Uralkali more than for 5 billion dollars, he began to invest in art objects. Bouvier as the agent has chosen for him 38 pictures. A third of transactions have taken place with the participation of Sotheby' s.

Rybolovlev has spent 2 billion dollars. Bouvier worked for the commission in 2%. The agent in practice agreed about considerable discounts, and appropriated a difference, Rybolovlev is sure. Deception was found out when the businessman has sold the majority of pictures at a loss.

the Scheme is popular in the art market, but to prove guilt of Sotheby' s is difficult, the head of the lawyer company "Treshchev and Partners", the Plenipotentiary Representative of Chamber of Advocates of the European Union in Russia Alexander Treshchev considers: Alexander Treshchev the plenipotentiary of Chamber of Advocates of the EU in Russia "This industry is aimed at rich men who okeshitsya just and left business. Dirty money which through auction houses is laundered. Such stories happen. I won't tell that they have mass character, nouveau riches always become the victims of auction houses and art dealers. On them there is a hunting. These are directly whole production shows for new billionaires when him flog and push pictures in three, in four, five times more expensively, than they stand up actually, or for that money which will never be paid by neither the American, nor the Englishman who regularly participate in various auctions. But I consider that Rybolovlev has every chance. Auction houses — and Christie' s, and Sotheby' s — paid off more than once from such claims, understanding that the prices were biased, but the best lawyers work for them. The world is aimed and is always ready to laugh when this or that rich man has overpaid for these or those objects. All business is based on it. I have cheap bought — I have expensively sold. Where here a criminal part where there are fraud elements which can be challenged through court?" Sotheby' s didn't lose any similar claim yet. Rybolovlev has come across the incompetence, and if has addressed the Russian consultants, it could not occur, the vice-president of the International confederation of antiquaries and art dealers, the president of Guild of appraisers Mikhail Perchenko:mikhail Perchenko the vice-president of the International confederation of antiquaries and art dealers, the president of Guild of appraisers "Bouvier for me considers a classical example of the French swindler. Classical. He sells pictures, but overstates the prices in two, three times. Rybolovlev has found to himself, of course, the good consultant for purchases. Generally, Rybolovlev of owls

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