Sotheby’s Settles $6.25 Million Tax Evasion Lawsuit
New York’s attorney general says the auction house helped eight collectors pose as art dealers to avoid paying taxes on art buys. Sotheby’s admits no wrongdoing.
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 for $6.25 Million Over Alleged Tax Evasion Facilitation as NY Attorney General Cracks Down on Art Market
Sotheby's settles for $6.25 million over clients' tax evasion on art purchases after a New York investigation.
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 Agrees to Pay $6.25 Million in Tax Fraud Settlement
Sotheby’s has agreed to pay $6.25 million to the state of New York and implement several reforms to resolve a tax fraud lawsuit filed by Attorney General Letitia James. The lawsuit accused the auction house of assisting clients in evading sales taxes on millions of dollars worth of art purchases.
Sotheby's Settles New York Tax Fraud Case, Pays Damages
NEW YORK (Reuters) - 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 pays over $6m to settle tax evasion case
The terms of the settlement in New York allowed Sotheby's to resolve the issue without admitting any wrongdoing
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. It said the auction house encouraged buyers to state fraudulently that they were acquiring works for resale later.
Sotheby’s Settles Tax Fraud Lawsuit for $6.25 Million
New York’s attorney general said in a lawsuit that the auction house had helped collectors avoid tax payments on art purchases.
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 Agrees to Pay New York 6.25 M. To Settle Art Sales Tax Fraud Case
A source familiar with the settlement said that Sotheby's "always believed that the NYAG had the law and facts wrong."
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Artnet1d
This Storied Rothko Painting Sold for $32.5 Million—30 Percent Less Than a Decade Ago
The painting has passed through the hands of many high-profile collectors including Paul and Bunny Mellon, Francois Pinault, ...
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 ...
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 ...
Observer1d
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