Legal Fray Continues Over Disputed Resale of $127.5 Million Leonardo

  • Leonardo da Vinci's “Christ as Salvator Mundi”

    Leonardo da Vinci's “Christ as Salvator Mundi”

Sotheby's has asked a federal judge to clear it of any wrongdoing in a long-fought case over the private sale of Leonardo da Vinci's “Christ as Salvator Mundi” to embattled "freeport king" Yves Bouvier.

Bouvier later sold the work to Russian billionaire Dmitry Rybolovlev who is engaged in an ongoing legal battle with Bouvier over the steep mark-up on artworks sold to him.

Reports Bloomberg: 

The painting was sold in 2013 to a company controlled by Bouvier for $80 million by a consortium of dealers that include Warren Adelson, president of Adelson Galleries, New York art dealers Alexander Parish and Robert Simon, Sotheby’s said. Bouvier flipped the painting to Rybolovlev for $127.5 million. The dealers’ group is now threatening to sue Sotheby’s for the difference, claiming they were shortchanged on the sale, the auction house said in a filing in Manhattan federal court Monday.

More News Feed Headlines

Still of animated web banner by Mark Titchner for Hands Off Our Revolution.

New Global Arts Coalition Launches to Counter Right-Wing Populism

  • February 16, 2017 18:54

Hundreds of artists have signed on to a new coalition that aims to counter right-wing ideology ...

Read More

Max Liebermann from the Gurlitt hoard.

Museums Plan First Public Exhibitions of Gurlitt's Hidden Art Trove in November

  • February 15, 2017 15:32

Dates have been announced for exhibitions showcasing some of the 1,500 artworks discovered hidden ...

Read More

DETAIL

UK Puts Temporary Export Ban on Parmigianino

  • February 12, 2017 22:05

The UK government has placed a temporary export bar on a 16th-century masterpiece to allow time ...

Read More

National Museum of Iran

Iranian Museum Exhibits Over 500 Artifacts Repatriated From the West

  • February 09, 2017 21:27

Some 558 historical artifacts including sculptures, earthenware, coins and jewelry, repatriated ...

Read More

Related Press Releases

Related Events from ArtfixDaily Calendar

 
Schwenke Auctioneers - Eastern European and Asian Decorative Arts Auction - Feb 22

ArtfixDaily Artwire