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 Tax Fraud Lawsuit for $6.25 Million
By Zachary Small Sotheby’s will pay New York State $6.25 million to settle a lawsuit accusing the auction house of helping collectors to avoid paying taxes on art sales worth tens of millions of dollars, according to a settlement with Attorney General ...
Sotheby's settles New York tax fraud case, pays damages
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 with $6.25 Million Payment
Sotheby's has agreed to pay $6.25 million to resolve a lawsuit by the New York Attorney General accusing it of enabling clients to evade taxes on art purchases. The settlement includes damages and reforms,
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.
The Art Newspaper3h
Sotheby's pays over $6m to settle tax evasion case
Sotheby’s has agreed to pay $6.25m to the state of New York to settle a four-year-long case brought against the auction ...
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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. The ...
InvestmentNews2h
Sotheby's pays $6.25M in 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 ...
Observer3h
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 ...
Sotheby’s CEO on Its Billion-Dollar Buy-in
Ahead of the November sales, and with fresh backing from the UAE, Charlie Stewart discusses his next steps at the ...
Sotheby’s Just Set 4 World Records at Its Geneva Watch Sales
Sotheby's Geneva watch auctions set four new records for timepieces from Patek Philippe, Cartier, and Rolex, bringing in ...
Herzog & de Meuron to Renovate Breuer Building for Sotheby’s
The Pritzker-winning architectural firm is known for its transformation of existing structures like the Park Avenue Armory.
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 ...