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 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 Settles New York Tax Fraud Case, Pays Damages
Thursday's settlement resolves claims that Sotheby's let at least eight clients cheat New York state from 2010 to 2020 by using "resale certificates" that falsely portrayed them as art dealers entitled to tax exemptions,
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.
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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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 ...
Rare Basquiat And Warhol Double-Portraits Serendipitously Appear At Phillips, Expected To Fetch Up To A Combined $21 Million
In art world serendipity, rare double self portraits of collaborators Andy Warhol and Jean-Michel Basquiat are going on the ...
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A personal study of an artist as a young man who was lost too soon
“In Honor of Jean-Michel Basquiat” differs somewhat from his other solo plays because Smith draws on his own memories of becoming friends with Jean-Michel Basquiat, rather than solely relying ...
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Should the Market for Keith Haring's Art Be Bigger?
In a recent article for Puck, Marion Maneker explored the gap between the way the art market has responded to works by each ...
Luna Luna: Forgotten Fantasy amusement park features attractions by Basquiat, Dalí and Haring
The artistic amusement park, first displayed in 1987 in Hamburg, Germany, will be on view at The Shed at Hudson Yards in ...
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New York Fall 2024 Auctions Preview: Key Pieces and Highlights
The art market is set to heat up this fall with major auction houses gearing up for a series of highly anticipated sales ...