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 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 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 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 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 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.
How a shop in Boyle Heights embraced graffiti and created a haven for street artists
Right in the heart of SoCal's Latino community lies a one-of-a-kind store that's embracing the art of graffiti.
Inside Dom Pérignon’s Champagne Tribute To Jean-Michel Basquiat
Dom Pérignon has unveiled a limited edition Vintage 2015 collection inspired by the work of Jean-Michel Basquiat, marking a ...
Unpacking The Fashion Industry And Its Relationship With Jean-Michel Basquiat
Jean-Michel's estate has been consistently continuing the legacy of the poignant artist and storyteller. Here's the story ...
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More Consigners to the New York Sales, Revealed!
High-net-worth individuals have cut back their spending, but we are in a "collector's market," so expect bidders to pony up ...
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Alcohol Brands Tap the Art World to Woo Younger Drinkers
In October, Dom Pérignon hosted a party at the Brant Foundation in City’s East Village, thousands of miles from its home in ...
Brooklyn Nets' City Connect uniforms for 2024-25 season
The Nets' 2024-25 NBA City Connect uniforms were created with renowned artist and Brooklyn resident KAWS. KAWS is the third ...