You are here

Sotheby's tries to block lawsuit over a Leonardo sold and resold at a big markup

Wednesday, November 30, 2016 - 05:50

BT_20161130_DNART30A_2621485.jpg
Sotheby's said in its filing last week that it never knew Swiss art dealer Yves Bouvier (above) had Russian billionaire Dmitry Rybolovlev waiting in the wings to pay much more for the work: a depiction of Christ known as Salvator Mundi.

BT_20161130_DNART30A_2621485.jpg
Sotheby's said in its filing last week that it never knew Swiss art dealer Yves Bouvier had Russian billionaire Dmitry Rybolovlev (above) waiting in the wings to pay much more for the work: a depiction of Christ known as Salvator Mundi.

New York

THE joy must have been palpable in 2013 when three New York art traders arranged through Sotheby's to sell a newly discovered painting by Leonardo da Vinci, the Renaissance master, for US$80 million.

One of them had purchased it at an estate sale for less than US$10,000

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom