Russian oligarch to appeal Swiss closure of art dealer case
The First Art Newspaper on the Net    Established in 1996 Friday, October 11, 2024


Russian oligarch to appeal Swiss closure of art dealer case
AS Monaco President Dmitry Rybolovlev looks on during the French League Cup final football match between Monaco (ASM) and Paris Saint-Germain (PSG). NICOLAS TUCAT / AFP.



GENEVA.- Russian oligarch Dmitry Rybolovlev's lawyers said Friday he would appeal Swiss prosecutors' closure of his case against a top art dealer he accused of swindling him out of millions of dollars.

Rybolovlev, president of the AS Monaco football club, has alleged Swiss art dealer Yves Bouvier charged him inflated prices on dozens of works he acquired for more than $2.1 billion.

He has brought cases against the dealer since 2015 in Monaco, Singapore, Hong Kong, New York and Switzerland.

But after Rybolovlev suffered setbacks in the other jurisdictions, and saw his case against the art dealer thrown out in Monaco in 2019, the office of Geneva's top prosecutor said last January that it planned to drop the case.

A spokesman for the Geneva judicial authorities confirmed to AFP on Friday that the case had been officially closed.

Bouvier, who has always maintained his innocence in the case, hailed the decision.

"Today marks the end of a nightmare that has lasted six years," Bouvier said in a statement, hailing that "truth has prevailed... This is total victory."

But Rybolovlev's lawyers in Geneva made clear that the saga was not over, saying their client would appeal against the decision to close the proceedings.

"It is essential that this case, the most serious the art world has ever known, be duly considered and finally judged on its merits," lawyers Marc Henzelin and Sandrine Giroud said in a statement.

"The one-sided decision of the Public Prosecutor's Office to close the case is therefore contested and will be appealed to (Geneva's) Criminal Court," they said.

Rybolovlev had commissioned Bouvier to help build up an art collection to rival a small museum -- including works by Van Gogh, Picasso, Monet, Rodin, Matisse and Leonardo da Vinci's "Salvator Mundi".

Their relationship soured when Rybolovlev accused Bouvier of overcharging him.

The Russian later sold the Da Vinci at auction in 2017 for a record $450 million.

Rybolovlev was meanwhile himself charged with bribery and influence peddling in the case and Monaco's justice minister was forced to retire over claims he accepted bribes.


© Agence France-Presse










Today's News

September 18, 2021

A new level of ambition in art by 3 women

Phillips to sell works by Max Ernst from the collection of Peter Schamoni

Asia Week New York heads into the autumn season with gallery exhibitions and auctions

Russian oligarch to appeal Swiss closure of art dealer case

Johnny Ramone's Mosrite guitar up for auction

Sotheby's to present first-of-its-kind auction celebrating New York graffiti and street artists

Interactive shadowboxes breathe life into the legacies of Village artists

Gagosian opens an exhibition of new paintings by Kon Trubkovich

Anthony White wins the 2021 Betty Bowen Award

Winterthur acquires recently discovered Anna Pottery Liberty Monument

Exhibition examines the representation of Black women in the United States over the past two centuries

Marian Goodman Gallery opens the fall season with an exhibition of new works by Tacita Dean

Sotheby's to offer the only first printing of the Constitution in private hands

New York Philharmonic marks 'homecoming' after pandemic cancellations

Jane Powell, Hollywood's girl next door, is dead at 92

Furniture by renowned 20th century designers Charles and Henry Greene headed to Heritage design event

Exhibition of new works by Cuban artist Yoan Capote opens at Ben Brown Fine Arts

Sondheim is writing a new musical and hopes to stage it next year

VMFA announces the upcoming retirement of two exceptional museum leaders

Nicola Vassell Gallery opens an exhibition of works by Alvaro Barrington

Broadway is brimming with Black playwrights. But for how long?

Bringing Broadway spectacle back to life

Shayne Doty joins New-York Historical Society as Chief Strategy Officer

The Frye Art Museum opens the first major survey exhibition of Duane Linklater's work

Intuit to conserve contents of Henry Darger's Room as part of "Caring for a Chicago Legacy"

Upgrade your WFH setup now by joining FlexiSpot's Standiversary

Americas Most Beautiful Beach Towns for Artists.

Modern Education: Advantages and Disadvantages

San Diego's Best Appliance Repair Service

Best Free Music Websites to Download Songs in 2021

5 Benefits of Growing Your YouTube Channel Subscribers & Views

The Simple Buying Guide for Choosing Your First Vape Mod

How to Mine EOS? - Everything You Should Know!

RISING STAR Presents: "Jesus, The First And The Last" Includes New Limited-Edition Billion Dollar Haute Couture Sketches

Best Kept Secrets of the Healthcare Industry

How to Care for Your Kids as They go Back to School

Top 5 Creative Ideas to Attract visitors to your Expo Stand




Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 



Founder:
Ignacio Villarreal
(1941 - 2019)
Editor & Publisher: Jose Villarreal
Art Director: Juan José Sepúlveda Ramírez
Writer: Ofelia Zurbia Betancourt

Attorneys
Truck Accident Attorneys
Accident Attorneys
Holistic Dentist
Abogado de accidentes

Royalville Communications, Inc
produces:

ignaciovillarreal.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site Parroquia Natividad del Señor
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful