All posts in Yves Bouvier

The emperor has no clothes: the scams and swindles driving up art prices

For many, the headline-making stunt Italian artist Maurizio Cattelan pulled at Art Basel Miami this year—Cattelan duct taped a banana to a blank white wall, called it “Comedian”, and sold it for $120,000—crystallized the problems with how art is valued. After Jeff Koons’s Balloon Dog shattered records in 2013 to sell over Christie’s auction block […]

The Bouvier Affair: The Art of Deception?

The art world most commonly makes front-page news when there’s a daring heist, such as the stunning theft this week of up to a billion euros of treasures from Dresden’s Grüne Gewölbe, or the spiriting away of the Mona Lisa in 1911 which made it the most famous painting in the world. These Ocean’s Eleven-style […]

When an art dealer single-handedly earns more money than an auction house

Is it possible for an individual art dealer to earn more money than an auction house that’s been in business for 300 years? The answer should be no. Yet Yves Bouvier and Sotheby’s have managed to refute this popular belief. Indeed, the huge income the Swiss art dealer apparently generated has raised eyebrows around the […]

Leading auction house Sotheby’s takes legal hit amidst Rybolovlev-Bouvier battle

Just days after the announcement that Sotheby’s is set to be sold for $3.7 billion to a company owned by French media tycoon Patrick Drahi, the company suffered a bruising legal setback in Manhattan courts. This Tuesday, June 25th, Judge Jesse Furman, of the District Court for the Southern District of New York (SDNY), denied […]

The good, bad, and the ugly: 2018 in review

As the year draws to an end, it feels like the best time to look back at the art world’s highs and lows. So, we’ve summed 2018 up for you here. The good: Banksy, Banksy, Banksy… This year, it seems like Banksy just hasn’t stopped. Whether it was when he shredded his own artwork minutes […]

Dmitry Rybolovlev, seller of Leonardo’s ‘Salvator Mundi’, detained in Monaco

On the morning of Tuesday, 6 November, Russian billionaire Dmitry Rybolovlev was detained for questioning at the request of a Monaco investigative judge. On November 7, Monaco’s chief prosecutor declared Rybolovlev a “formal suspect” in the graft probe. According to early reports, the detention and questioning of Rybolovlev was based on allegations of corruption, trafficking […]

Russian billionaire Dmitry Rybolovlev launches $380 million USD lawsuit against Sotheby’s

The Bouvier Affair evolved further last week when Russian billionaire and notable art collector Dmitry Rybolovlev launched a $380 million USD lawsuit against Sotheby’s. Yves Bouvier, a Swiss arts dealer, has been alleged to have defrauded numerous of his clients by misrepresenting the costs of artworks and subsequently charging buyers grossly exaggerated prices. Lawsuits against Bouvier have been heard […]