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 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 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,
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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 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 ...
Diamond necklace linked to Marie Antoinette sells for $4.8 million
A diamond-studded necklace thought to be linked to a scandal that hastened the downfall of the doomed 18th century queen of ...
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 ...
The oldest known stone tablet of the Ten Commandments to be auctioned by Sotheby's
For thirty years, the plaque served as a paving stone at the entrance of a house, with the inscription facing up and exposed ...
8 Cars That Caught Our Eye at RM Sotheby’s 2024 London Auction
Held at the Peninsula London hotel on the edge of Hyde Park, this year’s RM Sotheby’s London auction finished with a reported ...
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A Rare Collab by Gustav Klimt and His Brother Ernst Goes to Auction
Sotheby's is selling this heartwrenching collaboration by Gustav and Ernst Klimt, completed after Ernst's untimely death, ...