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 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 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 $6.25M in tax evasion probe
Employees at the auction house nudged wealthy clients to use questionable strategies in order to dodge millions in taxes, according to New York's attorney general.
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.
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Sotheby's pays over $6m to settle tax evasion case
Sotheby’s has agreed to pay $6.25m to the state of New York to settle a four-year-long case brought against the auction ...
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Lavish gold-domed penthouse in New York city on sale for $25 million
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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 ...
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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 ...
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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 ...
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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 ...
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Christie’s and Sotheby’s pin hopes for New York November sales on single-owner collections
Last year, despite a jittery market and without a major collection to offer, Christie’s November evening sale still made $640 ...