The Independent

At trial, a Russian billionaire blames Sotheby's for losing millions on art by Picasso, da Vinci

Source: Copyright 2013 The Associated Press. All rights reserved.

Sotheby’s defended itself at a trial Monday against accusations that it helped defraud a Russian oligarch out of tens of millions of dollars, saying it knew nothing of wrongdoing by an art buyer who advised the billionaire on buying works by famed artists like Amedeo Modigliani and Leonardo da Vinci.

Sotheby's attorney Sara Shudofsky told a jury in an opening statement in Manhattan federal court that billionaire Dmitry Rybolovlev was “trying to make an innocent party pay for what somebody else did to him.”

Shudofsky said

You’re reading a preview, subscribe to read more.

More from The Independent

The Independent4 min readAddiction
Decline In Cigarette Consumption Has ‘Plateaued’, Study Finds
The decline in the number of cigarettes being smoked in England has “plateaued”, according to new analysis, with more smokers opting for cheaper, hand-rolling tobacco. There has been “virtually no change” in cigarette consumption in recent years, res
The Independent3 min readPolitical Ideologies
Polls Open Across The Country For Local Elections
Voters head to the polls on Thursday in a series of local elections seen as the final test of public opinion before Rishi Sunak goes to the country later this year. Forecasts suggest the Tories could lose up to half of the council seats they are defe
The Independent3 min read
Pregnancy-related Deaths Have Fallen To Pre-pandemic Levels, New US Data Says
U.S. pregnancy-related deaths have fallen back to pre-pandemic levels, new government data suggests. About 680 women died last year during pregnancy or shortly after childbirth, according to provisional CDC data. That’s down from 817 deaths in 2022 a

Related Books & Audiobooks