The state said the auction house helped clients cheat their way out of paying tens of millions of dollars in sales taxes ...

New York’s attorney general says the auction house helped eight collectors pose as art dealers to avoid paying taxes on art ...

The auction house Sotheby's will pay $6.25 million to settle charges that it helped art buyers avoid paying taxes. It said ...

Sotheby's will pay $6.25 million and adopt reforms to settle New York Attorney General Letitia James' lawsuit accusing the ...

The yellow banana fixed to the white wall with silver duct tape is a work entitled "Comedian," by Italian artist Maurizio Cattelan.

Walk into any supermarket and you can usually buy a banana for less than $1. But a banana duct-taped to a wall?

The terms of the settlement in New York allowed Sotheby's to resolve the issue without admitting any wrongdoing ...

New York’s attorney general said in a lawsuit that the auction house had helped collectors avoid tax payments on art ...

Sotheby’s has agreed to pay $6.25 million to the state of New York and implement several reforms to resolve a tax fraud ...

But a banana duct-taped to a wall? That might sell for more than $1 million at an upcoming auction at Sotheby’s in New York.

One such tax cheat art fanatic, dubbed “the collector” bought $27 million in art from Sotheby’s between 2010 and 2015 and ...