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Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 year ago

Tearful Russian billionaire who spent $2 billion on art tells jurors Sotheby's cheated him

abcnews.go.com

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Tearful Russian billionaire who spent $2 billion on art tells jurors Sotheby's cheated him

abcnews.go.com

Lee Duna@lemmy.nz to World News@lemmy.worldEnglish · 1 year ago
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A Russian billionaire who accused Sotheby's of teaming up with a Swiss art dealer to cheat him of tens of millions of dollars became tearful while testifying in court and calling for more transparency in the art market
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  • mateomaui@reddthat.com
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    1 year ago

    Only four are at issue in the trial, including Leonardo da Vinci’s “Salvator Mundi, ” Latin for “Savior of the World,” which Rybolovlev’s lawyers say Bouvier bought from Sotheby’s for $83 million, only to resell to Rybolovlev a day later for over $127 million. In 2017, Rybolovlev sold it through Christie’s for a historic $450 million as it became the most expensive painting ever sold at auction.

    By my rough calculations, for this piece:

    $450M - $127M = $323M profit for plaintiff = shut the fuck up

    • DarkMatterStyx @lemmy.world
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      1 year ago

      Seriously though. He made a huge profit and is suing a third party that had nothing to do with the private sale between he and his dealer because he realized dealer screwed him. Not sure why you were being down voted.

      • mateomaui@reddthat.com
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        1 year ago

        Simps crying for billionaires. Or they just hate basic math.

        • Plopp@lemmy.world
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          1 year ago

          I hate billionaires AND basic math.

          • VikingHippie@lemmy.wtf
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            1 year ago

            Me too 🤜🤛

    • Brainsploosh@lemmy.world
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      1 year ago

      To be fair, those $46 million will buy quite a few avocodo toasts and lattes

      • mateomaui@reddthat.com
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        1 year ago

        Sometimes life is truly unfair.

  • NABDad@lemmy.world
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    1 year ago

    Someone sell this asshole a polar bear liver.

    • WhyYesZoidberg@lemmy.world
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      1 year ago

      Birth of a classic?

      • Victor@lemmy.world
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        1 year ago

        Instameme for sure lol

  • suodrazah@lemmy.world
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    1 year ago

    Suck shit billionaire bitch.

  • BilboBargains@lemmy.world
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    1 year ago

    He bought goods for a value that was greater than the value he imagined they would be worth. Isn’t that precisely how one would accumulate billions in the first place, except in reverse?

    • chillhelm@lemmy.world
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      1 year ago

      It gets better. He resold one of the paintings in question for a profit of 320 million$. He is suing because his speculative profit wasn’t big enough.

    • FuglyDuck@lemmy.world
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      1 year ago

      the fastest way to become a billionaire is to start as a trillionaire!

  • eran_morad@lemmy.world
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    3 months ago

    deleted by creator

  • rivermonster@lemmy.world
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    1 year ago

    It’s frustrating for the super-rich when an extremely popular method of laundering money proves to be filled with shady characters. LMFAO.

  • robocall@lemmy.world
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    1 year ago

    https://imgflip.com/i/8cdrcm

  • CanadaPlus@futurology.today
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    1 year ago

    Tearful? Jesus Christ, somebody’s lost all sense of proportion.

  • Annoyed_🦀 @monyet.cc
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    1 year ago

    Lemme just grab my popcorn

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