Sotheby’s Settles $6.25 Million Tax Evasion Lawsuit
New York’s attorney general says the auction house helped eight collectors pose as art dealers to avoid paying taxes on art buys. Sotheby’s admits no wrongdoing.
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 for $6.25 Million Over Alleged Tax Evasion Facilitation as NY Attorney General Cracks Down on Art Market
Sotheby's settles for $6.25 million over clients' tax evasion on art purchases after a New York investigation.
Sotheby's Agrees to Pay New York 6.25 M. To Settle Art Sales Tax Fraud Case
A source familiar with the settlement said that Sotheby's "always believed that the NYAG had the law and facts wrong."
Sotheby’s Agrees to Pay $6.25 Million in Tax Fraud Settlement
Sotheby’s has agreed to pay $6.25 million to the state of New York and implement several reforms to resolve a tax fraud lawsuit filed by Attorney General Letitia James. The lawsuit accused the auction house of assisting clients in evading sales taxes on millions of dollars worth of art purchases.
Sotheby's Settles New York Tax Fraud Case, Pays Damages
NEW YORK (Reuters) - 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 Settles Tax Fraud Lawsuit for $6.25 Million
New York’s attorney general said in a lawsuit that the auction house had helped collectors avoid tax payments on 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.
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.
How a viral, duct-taped banana came to be worth $1 million
Walk into any supermarket and you can usually buy a banana for less than $1. But a banana duct-taped to a wall?
Chris Wallace lists DC home for $6.4M mere days after announcing his shock departure from CNN
Veteran broadcaster Chris Wallace is saying goodbye to his Washington, DC perch as he lists his stately home in the Kalorama ...
Observer3d
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 ...
Port Royal Exclusive Broker Open: A tour of $20+ million homes put on by Premier Sotheby's International Realty
Port Royal Exclusive Broker Open: An inside look at $20+ million Naples homes put on by Premier Sotheby's International ...
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 ...
Artnet2d
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 ...
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 ...