Sotheby's to pay $6.25 million to settle state lawsuit alleging tax cheating by clients
The state said the auction house helped clients cheat their way out of paying tens of millions of dollars in sales taxes
Sotheby’s settles lawsuit alleging it helped art collectors avoid taxes on works by Basquiat, others
One such tax cheat art fanatic, dubbed “the collector” bought $27 million in art from Sotheby’s between 2010 and 2015 and lied about being a reseller in order to avoid paying taxes on the
Sotheby’s Settles Tax Fraud Lawsuit for $6.25 Million
By Zachary Small Sotheby’s will pay New York State $6.25 million to settle a lawsuit accusing the auction house of helping collectors to avoid paying taxes on art sales worth tens of millions of dollars, according to a settlement with Attorney General ...
Sotheby's to pay $6.25 mln in tax fraud case
The auction house Sotheby's will pay $6.25 million to settle charges that it helped art buyers avoid paying taxes. It said the auction house encouraged buyers to state fraudulently that they were acquiring works for resale later.
Sotheby's settles New York tax fraud case, pays damages
Sotheby's will pay $6.25 million and adopt reforms to settle New York Attorney General Letitia James' lawsuit accusing the famed auction house of fraudulently helping clients avoid sales taxes on tens of millions of dollars of art purchases.
Sotheby’s Pays $6 Million to Settle NY Sales Tax Evasion Probe
Sotheby’s Inc. agreed to pay $6.25 million to settle a New York state lawsuit that accused it of advising wealthy clients they could avoid sales taxes by falsely claiming they were buying art for resale purposes.
The Art Newspaper3h
Sotheby's pays over $6m to settle tax evasion case
Sotheby’s has agreed to pay $6.25m to the state of New York to settle a four-year-long case brought against the auction ...
InvestmentNews2h
Sotheby's pays $6.25M in tax evasion probe
Sotheby’s Inc. agreed to pay $6.25 million to settle a New York state lawsuit that accused it of advising wealthy clients ...
Iconic NYC penthouse crowned with a golden dome lists for $25M after 25 years of ownership
A gem of an aerie at 170 Fifth Ave. has a dazzling amenity that’s rare to find in New York — and now a new generation stands ...
Observer3h
Sotheby’s and Christie’s Saudi Arabia Moves, Art Basel Abu Dhabi and a Rumored Frieze Sale
This is a very dynamic time for culture in Saudi Arabia,” according to Sotheby’s CEO Charles F. Stewart, who added in a ...
Diamond necklace linked to Marie Antoinette scandal sells for $4.8 million
Worn at Queen Elizabeth II’s coronation in 1953, the 300-carat diamond necklace sold Wednesday for more than twice its ...
Artnet1h
This Storied Rothko Painting Sold for $32.5 Million—30 Percent Less Than a Decade Ago
The painting has passed through the hands of many high-profile collectors including Paul and Bunny Mellon, Francois Pinault, ...
The 10 Commandments Are for Sale
Sotheby's is auctioning off an ancient stone tablet inscribed with the Ten Commandments, estimated to be about 3000 years old ...
The oldest known stone tablet of the Ten Commandments to be auctioned by Sotheby's
For thirty years, the plaque served as a paving stone at the entrance of a house, with the inscription facing up and exposed ...