Sotheby’s Inc. must produce documents for use in foreign criminal proceedings in which it has been implicated involving a Swiss art dealer who allegedly misled a Russian billionaire about the prices of artworks, the Second Circuit ruled Nov. 13.
Accent Delight International Ltd., Xitrans Finance Ltd., and their principal, Dmitry Rybolovlev, allege that art dealer Yves Bouvier defrauded them in connection with the purchase of a world-class art collection, to the tune of approximately one billion dollars.
Rybolovlev alleges that Bouvier fraudulently inflated invoices for some of the artwork Rybolovlev bought and may have “secretly withheld part of the sale ...