Tearful Russian billionaire who spent $2 billion on art tells jurors Sotheby's cheated him
Tearful Russian billionaire who spent $2 billion on art tells jurors Sotheby's cheated him
A Russian billionaire who accused Sotheby's of teaming up with a Swiss art dealer to cheat him of tens of millions of dollars became tearful while testifying in court and calling for more transparency in the art market
Only four are at issue in the trial, including Leonardo da Vinci’s “Salvator Mundi, ” Latin for “Savior of the World,” which Rybolovlev's lawyers say Bouvier bought from Sotheby’s for $83 million, only to resell to Rybolovlev a day later for over $127 million. In 2017, Rybolovlev sold it through Christie’s for a historic $450 million as it became the most expensive painting ever sold at auction.
By my rough calculations, for this piece:
$450M - $127M = $323M profit for plaintiff = shut the fuck up
To be fair, those $46 million will buy quite a few avocodo toasts and lattes
Sometimes life is truly unfair.
Suck shit billionaire bitch.
Someone sell this asshole a polar bear liver.
Someone sell this asshole a polar bear liver.
And a trip on Oceangate's next sub.
Birth of a classic?
Instameme for sure lol
He bought goods for a value that was greater than the value he imagined they would be worth. Isn't that precisely how one would accumulate billions in the first place, except in reverse?
It gets better. He resold one of the paintings in question for a profit of 320 million$. He is suing because his speculative profit wasn't big enough.
the fastest way to become a billionaire is to start as a trillionaire!
Lol get fukt
Tearful? Jesus Christ, somebody's lost all sense of proportion.
Forgive the source of the image/product, can't be fucked to make my own version, and let me just get out my mug for billionaire tears
Also, just going to leave this here
https://medium.com/@hkmcleod/how-the-rich-use-art-to-launder-money-efe4d466d17a
Lemme just grab my popcorn
