Russian oligarch Rybolovlev loses suit accusing Sotheby's of art fraud

Dmitry Rybolovlev, president of As Monaco Football Club SA, arrives at court in New York, US, on Tuesday, Jan. 9, 2024. Auction house Sothebys abused its privilege, power and reputation to help dupe Russian billionaire Dmitry Rybolovlev out of millions of dollars as he built a world-class art collection, lawyers for the wealthy businessman argued on the first day of a closely-watched trial.

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Russian billionaire Dmitry Rybolovlev on Tuesday lost a New York federal court lawsuit in which he had accused the Sotheby’s auction house of helping an art buyer defraud him.

A jury found for Sotheby’s on all counts that Rybolovlev had alleged in the civil suit, which related to more than a hundred million dollars in purchases he made through art buyer Yves Bouvier.

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