Sotheby's, New York

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 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 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."
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 $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 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 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 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 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 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
New York’s attorney general said in a lawsuit that the auction house had helped collectors avoid tax payments on art purchases.
The Art Newspaper1d
Auction houses expect this month's New York sales to bring in as much as $1.6bn
The most valuable lot of the week is a record-breaking Magritte with a third-party guarantee, but the most talked-about is a ...
Oldest stone tablet inscribed with Bible’s Ten Commandments to be sold at auction
The oldest known tablet inscribed with the Ten Commandments from the Old Testament is expected to fetch up to $2 million when ...
Business Times20h
New York’s US$1.5 billion art auction week could favour the brave
Auctions are often judged solely by the buy side. How many bidders were there? And from how many countries? And how high were ...
Bisnow2d
This Week’s N.Y. Deal Sheet: Sotheby’s Closes $100M Deal For Former Whitney Museum
American Realty Advisors refinanced an apartments-over-retail building near the Bowery for $210M, PincusCo reported. The loan ...
DPA International on MSN2d
Schumacher's last Ferrari to be auctioned in New York
The last Ferrari driven by Formula One great Michael Schumacher will be auctioned in New York from Thursday by the Sotheby's ...
Duct-taped banana could auction for $1 million or more at Sotherby's
Sotheby’s preview of their autumn art sales in New York City offered an unusual sight: a banana duct-taped to a wall.