Yves bouvier picasso biography
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Bouvier Affair
International intend fraud scandal
The Bouvier Affair was a number disturb international lawsuits that started in 2015, and substantial events. Representation lawsuits, initiated by Slavic oligarch Dmitry Rybolovlev,[1] assert that Land art shipper and merchant Yves Bouvier defrauded him by misrepresenting the nifty cost advice art entireness and briefly overcharging them.[2] The question has played out alter courts attach Monaco, Svizzera, France, say publicly United States, Hong Kong and Island.
Since come across legal society against Bouvier in 2015, authorities maintain dismissed lawsuits filed insensitive to Rybolovlev underneath Singapore, Hong Kong, Unique York, Principality, and Geneva.[3] The Delicate has as well dropped loom over investigations get on to Bouvier.[4]
In Dec 2023, interpretation Geneva Communal Prosecutor's Organization closed description criminal study against Bouvier, citing avoid it blunt not grub up "any endeavor allowing necessary suspicion carry out be peer against say publicly defendants (Bouvier)."[5]
In the total month, both parties reached an be of the same opinion and backdrop aside wrestling match their blow legal disputes in scale jurisdictions.
Background
[edit]Prior fraud allegations
[edit]Before 2015, Bouvier was first of all known feature the be bought as a leading guesswork dealer[6] allow curator thro
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The art world most commonly makes front-page news when there’s a daring heist, such as the stunning theft this week of up to a billion euros of treasures from Dresden’s Grüne Gewölbe, or the spiriting away of the Mona Lisa in 1911 which made it the most famous painting in the world. These Ocean’s Eleven-style exploits, however, are actually fairly rare—in reality, a more frequent source of art market controversies are contractual disputes between art dealers and their clients.
Just this summer, noted London dealer Timothy Sammons was sentenced to up to 12 years in prison for swindling clients out of as much as $30 million. Last month, prominent Berlin dealer Michael Schultz was arrested for apparently packaging high-value artworks with counterfeit authenticity certificates. Just last week, a new drama has sprung onto the scene: former White Cube dealer Inigo Philbrick has been accused of defrauding his clients by selling the same Rudolf Stingel work again and again.
Perhaps the most notorious ongoing scandal involving the upper echelon of art dealers, however, is the so-called Bouvier Affair. Swiss dealer Yves Bouvier offered to help Russian billionaire art collector Dmitry Rybolovlev build a world-class collection of 38 masterpieces, including artworks by Da Vinci, Pica
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Dmitry Rybolovlev may have been the 59th richest man in the world in late 2008, with a personal fortune estimated at $12.8 billion, but he was weary and felt dogged by bad luck. On 22 December his wife, fed up of his repeated extramarital affairs, files for divorce after 21 years of marriage. Her lawyers immediately came after him for half of his wealth, citing the division of matrimonial assets. Nor did she hire the worst lawyer on offer. The formidable Marc Bonnant, a leading Genevan barrister and an outstanding rethorician, was to represent her.
Read the full French version here
A month earlier, Dmitry Rybolovlev had been summoned to Moscow. A scandal implicating his potash company Uralkali has caught up with him. A water source had appeared in one of its mines in 2006 and the mine had collapsed, leaving a gaping hole under the town of Berezniki and necessitating the evacuation of 12,000 people. The authorities concluded at the time that it was a natural disaster caused by geological factors, but two years later, faced with public protests, the Russian deputy prime minister, Igor Sechin, decided to reopen the inquiry and raised questions about the company’s financial responsibility. Uralkali’s boss was worried that Russia would request judicial assistance from Switzerla