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Bouvier Affair

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416: 31: 1846:"Justice Ă  Monaco : bruits et chuchotements sur le procureur gĂ©nĂ©ral… qui pourrait ĂŞtre contraint de quitter son poste: Depuis quelques mois, trouble et interrogations envahissent le Palais de justice de la PrincipautĂ©. En cause : le procureur gĂ©nĂ©ral, Jean-Pierre Dreno pointĂ© du doigt pour des poursuites jugĂ©es partiales et un appartement achetĂ© Ă  un proche de Berlusconi. Le haut magistrat dĂ©ment toute faute et toute imprudence. (page 2)" 1812:"Justice Ă  Monaco : bruits et chuchotements sur le procureur gĂ©nĂ©ral… qui pourrait ĂŞtre contraint de quitter son poste: Depuis quelques mois, trouble et interrogations envahissent le Palais de justice de la PrincipautĂ©. En cause : le procureur gĂ©nĂ©ral, Jean-Pierre Dreno pointĂ© du doigt pour des poursuites jugĂ©es partiales et un appartement achetĂ© Ă  un proche de Berlusconi. Le haut magistrat dĂ©ment toute faute et toute imprudence. (page 1)" 162: 1848:[Justice in Monaco: noises and whispers about the Attorney General… who could be forced to leave his post: For the past few months, trouble and questions have been invading the Principality's courthouse. At issue: the Attorney General, Jean-Pierre Dreno pointed the finger for prosecutions deemed biased and an apartment bought from a close friend of Berlusconi. The high magistrate denies any fault and any imprudence. (page 2)]. 1814:[Justice in Monaco: noises and whispers about the Attorney General… who could be forced to leave his post: For the past few months, trouble and questions have been invading the Principality's courthouse. At issue: the Attorney General, Jean-Pierre Dreno pointed the finger for prosecutions deemed biased and an apartment bought from a close friend of Berlusconi. The high magistrate denies any fault and any imprudence. (page 1)]. 1972:"Scandale russe Ă  Monaco: le ministre de la justice forcĂ© Ă  la dĂ©mission: Le milliardaire russe Dmitri Rybolovlev, patron de l'AS Monaco, a manipulĂ© la justice et la police monĂ©gasques pour leur faire servir ses intĂ©rĂŞts. Cette affaire, rĂ©vĂ©lĂ©e par plusieurs articles de Mediapart, a fait une première victime : Philippe Narmino, le ministre de la justice, a dĂ» annoncer qu'il prenait une « retraite anticipĂ©e Â»" 1974:[Russian scandal in Monaco: the Minister of Justice forced to resign: The Russian billionaire Dmitri Rybolovlev, boss of AS Monaco, manipulated the justice system and the Monegasque police to make them serve his interests. This case, revealed by several articles from Mediapart, claimed a first victim: Philippe Narmino, the Minister of Justice, had to announce that he was taking “early retirement”.]. 1940:[When the Monegasque police put themselves at the service of the president of AS Monaco: Dmitri Rybolovlev has powerful relays on the Rock. Text messages exhumed from his lawyer's phone show that in 2015, he supervised behind the scenes the investigation opened in Monaco against his former art dealer Yves Bouvier. The Russian billionaire transmitted his wishes to the boss of the judicial police.]. 1938:"Quand la police monĂ©gasque se met au service du prĂ©sident de l'AS Monaco: Dmitri Rybolovlev a de puissants relais sur le Rocher. Des textos exhumĂ©s du tĂ©lĂ©phone de son avocate montrent qu'en 2015, il a supervisĂ© en coulisses l'enquĂŞte ouverte Ă  Monaco contre son ancien marchand d'art Yves Bouvier. Le milliardaire russe transmettait ses desiderata au patron de la police judiciaire" 158:, Bouvier founded Galerie Jacques de la BĂ©raudière in 2008 together with art dealer Jacques de la BĂ©raudière, who played a key role in the Beltracchi scandal. This and his ownership of an off-shore entity called Diva Fine Arts led to Bouvier also being connected to the Beltracchi case. He denied any connection to Beltracchi and dismissed media coverage as uninformed speculation. 1781:"RentrĂ©e judiciaire : le nouveau procureur intronisĂ©: eudi 1er octobre, la prise de fonction du nouveau procureur gĂ©nĂ©ral de Monaco, Jacques DorĂ©mieux, a prĂ©cĂ©dĂ© la traditionnelle rentrĂ©e des cours et tribunaux. Au cĂ´tĂ© de Brigitte Grinda-Gambarini, premier prĂ©sident de la Cour d'appel, le procureur a ouvert l'annĂ©e judicaire 2015-2016" 407:-based company Mei Invest Limited frozen through an injunction in July 2015. In September that year, it was announced that a consent summons had been agreed upon between Bouvier and Accent Delight International Limited as well as Xitrans Finance Limited, two of Rybolovlev's companies. Subsequently, Bouvier's assets were unfrozen. 1783:[Back to court: the new prosecutor inducted: On Thursday the 1st of October, the new Prosecutor General of Monaco, Jacques DorĂ©mieux, took office before the traditional return to court. Alongside Brigitte Grinda-Gambarini, first president of the Court of Appeal, the prosecutor opened the 2015-2016 judicial year.]. 436:
painting to Bouvier learned that he had sold it to Rybolovlev at a much higher price. According to court papers, Sotheby's was asked to clarify whether it had been aware that the painting was worth more than what the art dealers had sold it to Bouvier for, and whether the auction house had misled the
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Bouvier has denied the claims stating that he presented himself as the seller of the artwork, rather than an adviser, and that Rybolovlev was aware of the extra markup he earned on top of the fees. Bouvier has argued that Rybolovlev's actions against him were instead driven by the desire to lower the
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A suit filed by the Shefner family in New York in 2013 named Bouvier as a co-defendant alongside Paris-based Galerie Jacques de la Béraudière. Bouvier strenuously denies the claims against him, arguing that it is purely circumstantial and not based on any solid evidence. His lawyers have argued that
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Commentators have opined that the unfolding events could be the catalyst for a renewed push to reform the art sector. Following a January 2024 verdict in New York where Rybolovlev lost against Sotheby's for its dealings with Bouvier, Daniel Kornstein, a lawyer for Rybolovlev, said the case "achieved
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On 2 October 2018, Rybolovlev sued Sotheby's for $ 380 million, alleging the auction house had "materially assisted the largest art fraud in history" and that Sotheby's "knowingly and intentionally made the fraud possible" because it was aware of how much Bouvier had paid the original sellers of the
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In November 2023, it was reported that Monaco investigating judges dismissed the case against Rybolovlev concerning his alleged complicity for invasion of privacy. A complaint against Rybolovlev as well as his lawyer Tetiana Bersheda and then-Monaco public prosecutor Jean-Pierre Dreno was filed back
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On that basis, Bouvier and Rappo attempted to have the charges against them thrown out in November 2015, arguing that there were a number of irregularities in the legal procedure against them and that Rybolovlev may have exercised undue influence. In 2016, a Monegasque judge rejected their argument.
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A November 2019 ruling of a New York court compelled Sotheby’s to produce documents used in foreign criminal proceedings in the Affair in the jurisdictions of Switzerland and Monaco. Sotheby’s had fought against this decision, arguing that confidentiality and the fact that it was named in the Swiss
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dismissed the charges of fraud and money laundering against Bouvier. Legal proceedings continue in other jurisdictions, including Switzerland. The Geneva public prosecutor's office is also in possession of emails exchanged between Bouvier and Sotheby's, while the former was making private purchases
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Bouvier has also stated that Rybolovlev's actions were part of a plan to steal the "freeport business in Singapore and build his own for the Russian Federation in Vladivostok." In 2021, Ilya Zaslavskiy, a Russian academic and anti-corruption reporter, argued that Rybolovlev and Yury Trutnev, Deputy
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In January 2024, the jury at a New York Federal Court found for Sotheby's on all counts that Rybolovlev had alleged. A lawyer representing Sotheby's stated that the verdict "reaffirmed what we knew since the beginning, which was that Sotheby's played no role in any fraud or attempted fraud against
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In what Sotheby’s called a “disappointing” decision, a US federal court in Manhattan rejected Sotheby’s request to have the case dismissed. On 25 June 2019, the court argued that the auction house did not present evidence that would justify the “exceptional circumstances” required to have the case
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In March 2016, the High Court of Singapore dismissed Bouvier's attempt to suspend the civil suit filed in the territory against him by two companies linked to the Rybolovlev family trust. Bouvier had argued the dispute should be fought in the Swiss courts. In a judgment published on 22 March 2016,
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were charged in Monaco court with passive and active influence peddling and for passive corruption. Since then several other Monegasque officials have been charged with influence peddling, corruption, and violation of privacy, including Minister of the Interior Paul Masseron, Attorney General Jean
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The Hutin-Blay case coincided with a separate case involving allegations made by Rybolovlev that forms the main part of the Yves Bouvier Affair. Beginning in 2003, with the help of Yves Bouvier, Dmitry Rybolovlev accumulated one of the most spectacular art collections of modern times. Rybolovlev's
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Rybolovlev, who initiated the lawsuits against Bouvier, has since been under criminal investigations in Monaco, Switzerland, and France in relation to the case. In Monaco, he was arrested and investigated for allegedly instrumentalizing and corrupting public officials to influence the case against
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Dubbed "Monacogate" by the press, the scandal unfolded with the disclosure of text messages from Rybolovlev's lawyer Tania Bersheda, which showed efforts to sway the legal proceedings and orchestrate the arrest of Bouvier in 2015. The text messages revealed that days before the arrest of Bouvier,
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Monaco provided a letter during the police investigation that erroneously stated that Bouvier and a co-defendant, Tania Rappo (with whom he was accused of conspiring to launder money from his art deal proceeds) held joint accounts at the bank, Bouvier called for an investigation into that matter.
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The Bouvier Affair has been widely reported and followed across the art world and beyond as it laid bare "the exploitation of art for financial gain" and put a spotlight on the business behaviors of middlemen in the art market. Furthermore, Bouvier’s alleged wrongdoings have led to policymakers’
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In 2017 French and Monegasque press reported that Rybolovlev arranged substantial inducements to various other members of the Monegasque establishment, including the judiciary, law enforcement and members of government, to have Bouvier arrested an investigated as part of his dispute with the art
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alleging that Bouvier had systematically overcharged it over a period of 10 years to acquire paintings. Specifically, the Russian billionaire's lawyers accused Bouvier of having misrepresented his role in obtaining 38 artworks for $ 2 billion and having thus defrauded Rybolovlev to the tune of a
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at his residence in Gstaad, Switzerland. The messages also revealed that Rybolovlev had offered lavish gifts and dinners to members of Monaco's police force and that Bersheda had been in close contact with the officers in charge of the investigation into Bouvier, Director of the Judicial Police
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Bouvier denied any involvement in the thefts, but in September 2015 he was indicted by French authorities on charges of theft in relation to the discovery of two of the works by Picasso that Hutin-Blay alleged were stolen from her. In court, Bouvier produced a document showing that he paid $ 8
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from his second wife Jacqueline, filed a complaint alleging that 58 separate works had been stolen from her. Hutin-Blay alleged that the works were stolen from a store in a suburb of Paris that is run by Art Transit, a Bouvier family company. It later emerged that Bouvier had sold two of the
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dealers in favor of the Swiss trader. Email exchanges unearthed by Rybolovlev’s lawyers indicate that the practice of over-invoicing was systematic, with the intermediary regularly pushing his client to buy paintings without giving them the necessary reflection time for such investments.
2007:[Monaco: the former Keeper of the Seals charged alongside billionaire Rybolovlev: The former director of the judicial services of Monaco, Philippe Narmino, was indicted on Thursday for passive and active influence peddling and for passive corruption, announced the parquet.]. 2005:"Monaco : l'ancien garde des Sceaux inculpĂ© aux cĂ´tĂ©s du milliardaire Rybolovlev: L'ancien directeur des services judiciaires de Monaco, Philippe Narmino, a Ă©tĂ© mis en examen jeudi pour trafic d'influence passif et actif et pour corruption passive, a annoncĂ© le parquet" 392:
Senior Judge Lai Siu Chiu ruled that the Singapore suit, which was filed in the High Court in 2015, should proceed. She said the case should be transferred to the Singapore International Commercial Court, which deals specifically with cross-border commercial disputes.
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in Washington, D.C. for a much higher price. Although Bouvier is not the primary defendant, court documents from 2013 accuse him of having acted "in concert" with several experts "to disguise the true ownership" of pieces of art in order to defraud the Shefner estate.
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On 1 October 2015, Monaco's new principal prosecutor Jacques Dorémieux replaced Jean-Pierre Dreno. Dreno gained judicial responsibilities in Aix-en-Provence and had been implicated in a suspicious purchase, through the intermediary Erminio Giraudi, of an apartment at
493:, he claimed that "Rybolovlev contacted all the banks, all the auction houses. So I'm blacklisted by the auction houses. I was on the front page of every newspaper. I was discredited. My credit lines were canceled by the banks. All my insurance was canceled." 496:
In December 2023, Bouvier stated that his "name is now cleared", adding that the Geneva Prosecutor's decision to dismiss the case marked the "end of a nine-year nightmare. Courts all around the world have now unanimously concluded that I was innocent."
1845: 512:, "'Monacogate'" exemplifies how jurisdictions that lack transparency and accountability risk being subverted and ultimately can allow for the rule of law to be undermined by wealthy and influential individuals to further their own agendas." 387:
repealed the decision and ordered that Bouvier's assets be unfrozen, citing a low risk that Bouvier would dissipate his assets and that Rybolovlev failed to follow procedure in the injunction by not giving Bouvier notice of the proceedings.
1811: 508:, commentators on the case said that it ended up "almost bringing down half the principality" as "it brought back all those charges of Monaco being corrupt and dirty." According to GĂ©rard Vespierre, editor of the geopolitics journal 2667: 81:
In December 2023, the Geneva Public Prosecutor's Office closed the criminal investigation against Bouvier, citing that it did not find "any evidence allowing sufficient suspicion to be raised against the defendants (Bouvier)."
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on 3 April 2016, the minister of justice Phillippe Narmino's son Antoine Narmino through the son's consultancy firm Narmino & Dotta was shown to have established 29 overseas companies registered in Panama with support from
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Since beginning legal proceedings against Bouvier in 2015, authorities have dismissed lawsuits filed by Rybolovlev in Singapore, Hong Kong, New York, Monaco, and Geneva. The US has also dropped its investigations into Bouvier.
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in 2015 by Tatia Rappo, a friend of both Rybolovlev and Bouvier. The case against Dreno was also dismissed in November 2023, Bersheda was cleared of any wrongdoing related to the privacy charges by Monaco court in March 2024.
1907:"Monaco, la transparence et les sociétés panaméennes: Alors que la Principauté veut bannir son image de paradis fiscal, le nom du fils du ministre de la Justice, un conseiller juridique, apparaît dans les «Panama Papers»" 1909:[Monaco, Transparency and Panamanian Companies: While the Principality wants to banish its image as a tax haven, the name of the son of the Minister of Justice, a legal adviser, appears in the "Panama Papers".]. 1856: 118:
In 2008, Bouvier became embroiled in a legal case involving Lorette Shefner, a Canadian collector. Shefner's family claims that she was the victim of a complex fraud, whereby she was persuaded to sell a
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In September 2017, Bouvier was under criminal investigation by Swiss authorities amid allegations that he may have evaded more than 100 million Euros in taxes related to his cross-border art dealings.
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In the same month, both parties reached an agreement and set aside all their remaining legal disputes in all jurisdictions. The settlement was described by Bouvier's lawyers as a "complete victory."
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A criminal investigation into Bouvier in Switzerland was closed in December 2023, with the Geneva Prosecutor's Office stating that it could not find any evidence to raise suspicion against him.
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In 2019, the criminal charges of fraud and money laundering against Bouvier were dismissed after the court found that all investigations against him were "conducted in a biased and unfair way."
2004: 189:, of which Hutin-Blay was the beneficiary, and asserted that this was for the two paintings. Hutin-Blay has disputed this, arguing that the payment concerned a matter unrelated to the thefts. 363:
In June 2024, the European Court of Human Rights ruled that the conduct of the criminal investigation against Bersheda "violated rights protected by the European Convention of Human Rights."
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thrown out. Instead, Sotheby’s was ordered to submit previously confidential details relevant to the case for consideration and was banned from redacting information from court documents.
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Following several rounds of interviews with lawyers in Geneva, the case was dismissed in 2015, but reopened in 2016 as Bouvier's associate Olivier Thomas came under renewed scrutiny.
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On 25 February 2015, Bouvier was indicted in Monaco on charges of fraud and complicity in money laundering. The charges followed a criminal complaint made by Rybolovlev's
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granted Rybolovlev permission to access Sotheby's paperwork regarding its interactions with Bouvier for his ongoing lawsuits against the Swiss in Monaco and Switzerland.
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In late 2015, it emerged that Bouvier has been investigated by the authorities in Liechtenstein on suspicion of money laundering, in one instance related to a forged
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On 18 April 2017, the Court of Appeal of Singapore again contradicted the High Court, ruling that Switzerland was a more appropriate forum for the civil lawsuit.
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Prime Minister of Russia and a close ally of Rybolovlev, may be "facilitating the Kremlin's campaign to control freeports to circumvent the US sanctions regime."
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dealer. The controversy led to the resignation and subsequent arrest of Monaco's Justice Minister, Philippe Narmino, and the arrest of Rybolovlev.
2142: 448:, denying that it had ever been part of a scheme allegedly perpetrated by Bouvier to defraud both the sellers of the painting, and Rybolovlev. 1458: 2641: 489:
Bouvier has stated that, as a result of the actions taken against him, he has "lost everything." In an interview featured in the documentary
1267: 2412:"Russian Billionaire Rybolovlev Wins Access to a Trove of Confidential Documents in His Ongoing Crusade Against Yves Bouvier | artnet News" 1701: 1098: 50:
defrauded him by misrepresenting the original cost of art works and subsequently overcharging them. The affair has played out in courts in
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work that is alleged to have been created by Wolfgang Beltracchi. However, Liechtenstein suspended its investigation in December 2015.
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In New York, auction house Sotheby's became embroiled in the legal dispute in 2016 when the art dealers that had originally sold
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was a number of international lawsuits that started in 2015, and subsequent events. The lawsuits, initiated by Russian oligarch
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allegedly stolen Picasso paintings to Rybolovlev in 2013. Rybolovlev handed over the paintings to French authorities in 2015.
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Another ongoing US investigation into Bouvier and his alleged involvement in fraudulent activities was dropped in May 2018.
2687:"7 Unbelievable and Contentious Takeaways From a New Documentary About 'Salvator Mundi,' the $ 450 Million 'Lost Leonardo'" 2367: 2064:"A Monaco Judge Has Cleared Art Dealer Yves Bouvier of the $ 1 Billion Fraud Alleged by Russian Oligarch Dmitry Rybolovlev" 1223: 796: 768: 336:
published articles which showed a close relationship between Dmitry Rybololev and Phillippe Narmino. On 8 November 2018,
1914: 242:. In addition to these seminal works, Rybolovlev also purchased the painting Wasserschlangen II (or Water Serpents), by 2116:"Affaire Bouvier-Rybolovlev: l'avocate Tetiana Bersheda, soupçonnée d'atteinte à la vie privée, a été relaxée à Monaco" 17: 2223: 1250: 268:
value of his art collection due to his divorce proceedings, which was deemed the "most expensive divorce in history."
1434:"The Never-Ending Art Fraud Battle Between Billionaires Yves Bouvier and Dmitry Rybolovlev Will, of Course, Continue" 2193: 2090: 1788: 1538: 2887: 2686: 2564:"Russian Billionaire Dmitry Rybolovlev Can Proceed With His $ 380 Million Lawsuit Against Sotheby's, a Judge Says" 1652:"Monaco's Justice Minister Resigns After Texts Reveal 'Vast Influence Peddling' in Billion-Dollar Art Fraud Case" 2411: 2250: 1755:"'A victory of justice over big money': criminal case against art dealer Yves Bouvier dismissed by Monaco court" 1406: 477:
In December 2023, it was reported that Rybolovlev and Bouvier had reached an undisclosed settlement agreement.
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Swiss art dealer's Hong Kong assets unfrozen amid court battle with Russian tycoon who accused him of swindling
1072:[The Rybolovlev Affair: an heir of Picasso linked to the scandal. Exclusive Revelations] (in French). 2301: 2063: 2511: 1651: 2915: 2167: 1151: 384: 853: 565:"This article is more than 3 years old Bouvier affair: Swiss prosecutors to close legal dispute over art" 1198:"Oligarque contre marchand d'art : rĂ©vĂ©lations sur l'affaire qui faut trembler Monaco et la Suisse" 2862:"Secrets of art world's biggest loser: How oligarch Dmitry Rybolovlev's $ 1B fraud claim ended in ruin" 2668:"Secrets of art world's biggest loser: How oligarch Dmitry Rybolovlev's $ 1B fraud claim ended in ruin" 2393: 1706: 1152:"Swiss Authorities Investigate 'Freeport King' Yves Bouvier for More Than $ 100 Million in Back Taxes" 2888:"Rule of Law in the Heart of Europe: How Andorra, Liechtenstein and Monaco have undermined EU values" 1378:"Steve Cohen's Modigliani In The Middle Of An Art Market War: Billionaire Rybolovlev vs Yves Bouvier" 1350:"Steve Cohen's Modigliani In The Middle Of An Art Market War: Billionaire Rybolovlev vs Yves Bouvier" 432: 984: 2590:"Sotheby's sommĂ© de fournir Ă  la justice amĂ©ricaine des documents concernant son procès en Europe" 1293: 717:"Russian billionaire's family trust joins Picasso heir in accusations against leading art dealer" 380: 128: 2759: 2711: 882: 462:
paintings later purchased by Rybolovlev. Sotheby's called these allegations "baseless" and told
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proceedings should shield it from having to submit the documents, which the court rejected.
1103: 8: 1043: 692:"Russian billionaire Dmitri Rybolovlev charged in corruption probe brought by Monaco pol" 341: 141: 2091:"The Sprawling Legal Dispute Between Yves Bouvier and Dmitry Rybolovlev Is Finally Over" 375:, asking for a global freeze on Bouvier's and Rappo's assets. On 13 March, Senior Judge 106:
through his company, Natural Le Coultre, and as a major shareholder and promoter of the
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our goal of shining a light on the lack of transparency that plagues the art market."
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However, in 2019, the Monaco Court of Appeals dismissed the charges against Bouvier.
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Christophe Haget and deputy Frédéric Fusari before and during his arrest in Monaco.
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Before 2015, Bouvier was primarily known in the market as a leading art dealer and
2943:"Russian billionaire loses Sotheby's art fraud lawsuit involving 'Salvator Mundi'" 1509: 120: 1601:"Le milliardaire russe Dmitri Rybolovlev au centre d'un « Monacogate Â»" 349: 327: 314: 1878: 909:"L'homme d'affaires Yves Bouvier mis en examen pour recel de deux Picasso volĂ©s" 591:"Russian Billionaire Dmitry Rybolovlev Testifies in Contentious Sotheby's Trial" 297: 148:
who was convicted in 2011 of having defrauded a number of collectors, including
2978: 2642:"Russian oligarch Dmitry Rybolovlev loses suit accusing Sotheby's of art fraud" 2512:"Sotheby's must face Russian billionaire's lawsuit over art fraud - U.S. judge" 2340:"Sotheby's Tries to Block Suit Over a Leonardo Sold and Resold at a Big Markup" 1298: 296:
Rybolovlev had hosted Narmino and his family and HSBC Monaco managing director
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little more than $ 1 billion, using offshore companies to disguise his gains.
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In 2013, it was revealed that Bouvier was implicated in the notorious case of
2967: 2538:"Sotheby's denied dismissal of Rybolovlev's $ 380m lawsuit by New York judge" 2368:"Affaire Bouvier-Rybolovlev : de l'art et des milliards - EconomieMatin" 1579: 958: 922: 542: 322: 232: 221: 186: 177: 63: 945:"The Billionaire, the Picassos and a $ 30 Million Gift to Shame a Middleman" 1976: 1942: 1015: 826:"The $ 7 Million Fake: Forgery Scandal Embarrasses International Art World" 441: 376: 332: 260: 243: 217: 47: 2836:"European Parliament puts 'urgent' phasing out of freeports top of agenda" 501:
greater scrutiny of his freeports, where high-dollar art is often stored.
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at a price far below market value, only to see the work later sold to the
1073: 830: 310: 236: 145: 55: 30: 667:"Prosecutor in Geneva Drops Criminal Inquiry in $ 2 Billion Art Dispute" 1101:[Vaduz files money laundering complaint against Yves Bouvier]. 883:"Steueroase: Freihäfen seien keine Schmuggler-Höhlen, beteuert Bouvier" 854:"Steueroase: Freihäfen seien keine Schmuggler-Höhlen, beteuert Bouvier" 1510:"Which Kremligarchs Should Be Sanctioned by the Biden Administration?" 1850: 1816: 1459:"Russian Oligarch Rybolovlev Faces Most Expensive Divorce in History" 404: 372: 201: 107: 71: 67: 1539:"Court Ruling in Monaco Ends One Piece of a $ 2 Billion Art Dispute" 161: 2009: 1002: 913: 858: 535:"Monaco FC owner Rybolovlev among alleged victims of huge art scam" 504:
The scandal has also cast a negative light on Monaco. According to
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United States District Court for the Southern District of New York
1626:"How Russian oligarch Dmitry Rybolovlev spun his web over Monaco" 466:
it would seek to have the lawsuit dismissed in a New York court.
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Pierre Dreno, Director of Public Security RĂ©gis Asso, and Fusari
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ordered the global freezing of Bouvier's assets. The Singapore
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In addition to Singapore, Bouvier also had the assets of his
1568:"Russian Billionaire's Battle With Art Dealer Draws In HSBC" 1883: 1322:"The Billionaire, the Dealer, and the $ 186 Million Rothko" 284: 2194:"Singapore Court Unfreezes Bouvier's Assets - artnet News" 176:
In March 2015, Catherine Hutin-Blay, the step daughter of
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Bowley, Graham; Rashbaum, William K. (28 November 2016).
2143:"'Monacogate' Feud Now Considered Human Rights Violation" 1285: 1030: 2616:"Three Sotheby's developments on the art market's radar" 2465:"Billionaire Slaps Sotheby's With $ 380 Million Lawsuit" 2168:"Singapore court orders asset freeze on 'Freeport King'" 1320:
hugodmiller, Stephanie Baker StephaniBaker Hugo Miller.
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HSBC stated the error was "unintentional and clerical."
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Carvajal, Doreen; Bowley, Graham (23 September 2015).
135: 1879:"NARMINO & DOTTA - CABINET DE COUNSEIL JURIDIQUE" 758:
there is no case to answer. The case remains pending.
1126:"New Evidence in Stolen Picassos Case - artnet News" 1566:Letzing, John; Colchester, Max (20 November 2015). 1224:"How Long Will the Rich Continue to Evade Justice?" 2243: 881:Sennewald, J. Emil; Timm, Tobias (25 April 2013). 195: 2811:"Art scandal may expose mass fraud in art market" 1565: 824:Röbel, Sven; Sontheimer, Michael (13 June 2011). 2965: 321:'s 85-year-old brother. With the release of the 2251:"Yves Bouvier clears legal hurdle in Singapore" 823: 742:"Bouvier Shenanigans, Chapter Two: Steve Cohen" 2337: 1097:Sallier, Pierre-Alexandre (18 December 2015). 942: 1431: 880: 371:On 12 March 2015, Rybolovlev sued Bouvier in 2014:(in French). 8 November 2018. Archived from 46:, allege that Swiss art shipper and dealer 532: 278: 97: 2224:"Singapore court to hear $ 1.4b art suit" 1404: 444:issued a pre-emptive suit in relation to 2462: 1778: 1405:Lebeaupin, Jean Marc (28 January 2020). 1375: 1294:"A Reporter At Lage: The Bouvier Affair" 985:"The Art-World Insider Who Went Too Far" 414: 160: 29: 1843: 1809: 1319: 1248: 1096: 171: 14: 2966: 2436: 2221: 2036: 1969: 1935: 1507: 1291: 1176: 1036: 2885: 2808: 2506: 2504: 2362: 2360: 2217: 2215: 1904: 1561: 1559: 1400: 1398: 1092: 1090: 1063: 1061: 979: 977: 975: 533:Mulholland, Rory (26 February 2015). 216:art collection includes paintings by 2088: 1970:Duparc, Agathe (14 September 2017). 1649: 1195: 797:"Shefner v Jacques de la Beraudiere" 769:"Shefner v Jacques de la Beraudiere" 588: 2940: 2732: 2684: 2665: 2140: 1844:Gaetner, Gilles (19 January 2015). 1810:Gaetner, Gilles (19 January 2015). 1265: 1249:Bregman, Alexandra (6 April 2019). 1037:Samuel, Henry (14 September 2015). 1008: 246:, though it was subsequently sold. 136:Wolfgang Beltracchi forgery scandal 24: 2501: 2481: 2463:Kazakina, Katya (3 October 2018). 2357: 2212: 1694: 1556: 1536: 1395: 1087: 1058: 972: 906: 664: 562: 113: 25: 2990: 2037:Miller, Hugo (12 December 2019). 1936:Duparc, Agathe (21 August 2017). 2760:"How Modern Art Serves the Rich" 1252:The Bouvier Affair: A True Story 1067: 410: 330:. In August and September 2017, 2934: 2908: 2879: 2854: 2828: 2809:Frank, Robert (13 March 2015). 2802: 2777: 2752: 2726: 2712:"Transcript: The Lost Leonardo" 2704: 2678: 2659: 2634: 2608: 2582: 2556: 2530: 2475: 2456: 2430: 2404: 2386: 2331: 2320: 2294: 2269: 2186: 2160: 2134: 2108: 2082: 2056: 2030: 1997: 1963: 1929: 1898: 1871: 1837: 1803: 1772: 1747: 1722: 1669: 1643: 1618: 1593: 1530: 1501: 1476: 1451: 1425: 1369: 1342: 1313: 1292:Knight, Sam (31 January 2016). 1259: 1242: 1216: 1189: 1170: 1144: 1118: 936: 900: 874: 846: 817: 789: 761: 348:On 12 December, 2019, Monaco’s 196:Allegations of money laundering 27:International art fraud scandal 1432:Tremayne-Pengelly, Alexandra. 734: 709: 684: 658: 633: 608: 582: 556: 526: 13: 1: 1785:Monaco Hebdo (monocohebdo.mc) 519: 92: 2785:"Terms of Service Violation" 2374:(in French). 25 January 2020 2277:"Terms of Service Violation" 1779:Stephane (16 October 2015). 1177:Miller, Hugo (31 May 2016). 481:Rybolovlev or anyone else." 398: 366: 7: 1981:(in French). Archived from 1947:(in French). Archived from 1913:(in French). Archived from 1905:Hamel, Ian (26 July 2016). 1855:(in French). Archived from 1821:(in French). Archived from 1787:(in French). Archived from 1228:International Policy Digest 10: 2995: 2122:(in French). 21 March 2024 917:(in French). Le Monde.fr. 645:Canton of Geneva judiciary 1009:AFP (25 September 2015). 484: 254: 249: 2222:hermes (25 March 2016). 1376:Fontevecchia, Agustino. 229:(Nude on a Blue Cushion) 2840:www.theartnewspaper.com 2542:www.theartnewspaper.com 2437:Berthelsen, Christian. 1911:La MĂ©duse (lameduse.ch) 440:In November that year, 381:High Court of Singapore 353:for Dmitry Rybolovlev. 279:Subsequent developments 210: 129:National Gallery of Art 98:Prior fraud allegations 1327:Bloomberg Businessweek 423: 168: 35: 451:On 11 June 2018, the 418: 185:million to a fund in 164: 33: 2372:www.economiematin.fr 2141:Bregman, Alexandra. 1985:on 15 September 2017 172:Catherine Hutin-Blay 2920:Apollo-magazine.com 2886:Vespierre, GĂ©rard. 2400:. 22 November 2016. 1572:Wall Street Journal 142:Wolfgang Beltracchi 2714:. Forever Dreaming 2622:. 22 November 2019 2344:The New York Times 2089:Kinsella, Eileen. 2070:. 12 December 2019 1951:on 26 October 2017 1825:on 21 January 2015 1791:on 17 October 2015 1734:The Business Times 1710:. 13 November 2015 1707:The Business Times 1650:Kinsella, Eileen. 1543:The New York Times 1508:Zaslavskiy, Ilya. 1272:The Business Times 1158:. 6 September 2017 950:The New York Times 671:The New York Times 589:Kinsella, Eileen. 424: 169: 36: 18:The Bouvier Affair 2866:The New York Post 2789:www.bloomberg.com 2733:Cassady, Daniel. 2672:The New York Post 2281:www.bloomberg.com 2255:The Art Newspaper 2229:The Straits Times 1759:The Art Newspaper 1230:. 5 February 2020 1196:Gattegno, HervĂ©. 1104:Tribune de Genève 721:The Art Newspaper 696:The Art Newspaper 620:The Art Newspaper 510:Le Monde DĂ©cryptĂ© 506:The New York Post 491:The Lost Leonardo 338:Dmitri Rybolovlev 319:Silvio Berlusconi 231:, Pablo Picasso, 226:Amedeo Modigliani 166:Dmitry Rybolovlev 150:Daniel Filipacchi 44:Dmitry Rybolovlev 16:(Redirected from 2986: 2958: 2957: 2955: 2953: 2941:Holland, Oscar. 2938: 2932: 2931: 2929: 2927: 2912: 2906: 2905: 2903: 2901: 2892: 2883: 2877: 2876: 2874: 2872: 2858: 2852: 2851: 2849: 2847: 2832: 2826: 2825: 2823: 2821: 2806: 2800: 2799: 2797: 2795: 2781: 2775: 2774: 2772: 2770: 2764:The New Republic 2756: 2750: 2749: 2747: 2745: 2730: 2724: 2723: 2721: 2719: 2708: 2702: 2701: 2699: 2697: 2685:Cascone, Sarah. 2682: 2676: 2675: 2663: 2657: 2656: 2654: 2652: 2638: 2632: 2631: 2629: 2627: 2620:Business Matters 2612: 2606: 2605: 2603: 2601: 2586: 2580: 2579: 2577: 2575: 2560: 2554: 2553: 2551: 2549: 2534: 2528: 2527: 2525: 2523: 2508: 2499: 2498: 2496: 2494: 2482:Devitt, Polina. 2479: 2473: 2472: 2460: 2454: 2453: 2451: 2449: 2434: 2428: 2427: 2425: 2423: 2408: 2402: 2401: 2390: 2384: 2383: 2381: 2379: 2364: 2355: 2354: 2352: 2350: 2335: 2329: 2324: 2318: 2317: 2315: 2313: 2298: 2292: 2291: 2289: 2287: 2273: 2267: 2266: 2264: 2262: 2247: 2241: 2240: 2238: 2236: 2219: 2210: 2209: 2207: 2205: 2200:. 25 August 2015 2190: 2184: 2183: 2181: 2179: 2164: 2158: 2157: 2155: 2153: 2138: 2132: 2131: 2129: 2127: 2112: 2106: 2105: 2103: 2101: 2086: 2080: 2079: 2077: 2075: 2060: 2054: 2053: 2051: 2049: 2034: 2028: 2027: 2025: 2023: 2001: 1995: 1994: 1992: 1990: 1967: 1961: 1960: 1958: 1956: 1933: 1927: 1926: 1924: 1922: 1902: 1896: 1895: 1893: 1891: 1875: 1869: 1868: 1866: 1864: 1859:on 5 August 2015 1841: 1835: 1834: 1832: 1830: 1807: 1801: 1800: 1798: 1796: 1776: 1770: 1769: 1767: 1765: 1751: 1745: 1744: 1742: 1740: 1726: 1720: 1719: 1717: 1715: 1698: 1692: 1691: 1689: 1687: 1673: 1667: 1666: 1664: 1662: 1647: 1641: 1640: 1638: 1636: 1622: 1616: 1615: 1613: 1611: 1597: 1591: 1590: 1588: 1586: 1563: 1554: 1553: 1551: 1549: 1537:Bowley, Graham. 1534: 1528: 1527: 1525: 1523: 1517:Underminers.info 1514: 1505: 1499: 1498: 1496: 1494: 1480: 1474: 1473: 1471: 1469: 1455: 1449: 1448: 1446: 1444: 1429: 1423: 1422: 1420: 1418: 1402: 1393: 1392: 1390: 1388: 1373: 1367: 1366: 1364: 1362: 1346: 1340: 1339: 1337: 1335: 1317: 1311: 1310: 1308: 1306: 1289: 1283: 1282: 1280: 1278: 1266:Ui-Hoon, Cheah. 1263: 1257: 1256: 1246: 1240: 1239: 1237: 1235: 1220: 1214: 1213: 1211: 1209: 1193: 1187: 1186: 1174: 1168: 1167: 1165: 1163: 1148: 1142: 1141: 1139: 1137: 1122: 1116: 1115: 1113: 1111: 1094: 1085: 1084: 1082: 1080: 1065: 1056: 1055: 1053: 1051: 1034: 1028: 1027: 1025: 1023: 1006: 1000: 999: 997: 995: 981: 970: 969: 967: 965: 940: 934: 933: 931: 929: 904: 898: 897: 895: 893: 878: 872: 871: 869: 867: 850: 844: 843: 841: 839: 834:. Spiegel Online 821: 815: 814: 812: 810: 801: 793: 787: 786: 784: 782: 776:Cases.justia.com 773: 765: 759: 756: 754: 752: 738: 732: 731: 729: 727: 713: 707: 706: 704: 702: 688: 682: 681: 679: 677: 665:Bowley, Graham. 662: 656: 655: 653: 651: 637: 631: 630: 628: 626: 612: 606: 605: 603: 601: 586: 580: 579: 577: 575: 560: 554: 553: 551: 549: 530: 342:Philippe Narmino 125:Le BĹ“uf Ă©corchĂ© 123:painting called 21: 2994: 2993: 2989: 2988: 2987: 2985: 2984: 2983: 2964: 2963: 2962: 2961: 2951: 2949: 2939: 2935: 2925: 2923: 2914: 2913: 2909: 2899: 2897: 2895:The Bridge Tank 2890: 2884: 2880: 2870: 2868: 2860: 2859: 2855: 2845: 2843: 2834: 2833: 2829: 2819: 2817: 2807: 2803: 2793: 2791: 2783: 2782: 2778: 2768: 2766: 2758: 2757: 2753: 2743: 2741: 2731: 2727: 2717: 2715: 2710: 2709: 2705: 2695: 2693: 2683: 2679: 2666:Kennedy, Dana. 2664: 2660: 2650: 2648: 2640: 2639: 2635: 2625: 2623: 2614: 2613: 2609: 2599: 2597: 2588: 2587: 2583: 2573: 2571: 2562: 2561: 2557: 2547: 2545: 2536: 2535: 2531: 2521: 2519: 2510: 2509: 2502: 2492: 2490: 2480: 2476: 2461: 2457: 2447: 2445: 2435: 2431: 2421: 2419: 2410: 2409: 2405: 2392: 2391: 2387: 2377: 2375: 2366: 2365: 2358: 2348: 2346: 2336: 2332: 2325: 2321: 2311: 2309: 2300: 2299: 2295: 2285: 2283: 2275: 2274: 2270: 2260: 2258: 2257:. 19 April 2017 2249: 2248: 2244: 2234: 2232: 2220: 2213: 2203: 2201: 2192: 2191: 2187: 2177: 2175: 2174:. 13 March 2017 2166: 2165: 2161: 2151: 2149: 2139: 2135: 2125: 2123: 2114: 2113: 2109: 2099: 2097: 2087: 2083: 2073: 2071: 2062: 2061: 2057: 2047: 2045: 2035: 2031: 2021: 2019: 2018:on 1 April 2022 2003: 2002: 1998: 1988: 1986: 1968: 1964: 1954: 1952: 1934: 1930: 1920: 1918: 1917:on 27 July 2016 1903: 1899: 1889: 1887: 1877: 1876: 1872: 1862: 1860: 1842: 1838: 1828: 1826: 1808: 1804: 1794: 1792: 1777: 1773: 1763: 1761: 1753: 1752: 1748: 1738: 1736: 1728: 1727: 1723: 1713: 1711: 1700: 1699: 1695: 1685: 1683: 1675: 1674: 1670: 1660: 1658: 1648: 1644: 1634: 1632: 1624: 1623: 1619: 1609: 1607: 1599: 1598: 1594: 1584: 1582: 1564: 1557: 1547: 1545: 1535: 1531: 1521: 1519: 1512: 1506: 1502: 1492: 1490: 1482: 1481: 1477: 1467: 1465: 1457: 1456: 1452: 1442: 1440: 1430: 1426: 1416: 1414: 1403: 1396: 1386: 1384: 1374: 1370: 1360: 1358: 1348: 1347: 1343: 1333: 1331: 1330:. Bloomberg.com 1318: 1314: 1304: 1302: 1290: 1286: 1276: 1274: 1264: 1260: 1247: 1243: 1233: 1231: 1222: 1221: 1217: 1207: 1205: 1194: 1190: 1175: 1171: 1161: 1159: 1150: 1149: 1145: 1135: 1133: 1124: 1123: 1119: 1109: 1107: 1095: 1088: 1078: 1076: 1068:Raya, AurĂ©lie. 1066: 1059: 1049: 1047: 1035: 1031: 1021: 1019: 1007: 1003: 993: 991: 983: 982: 973: 963: 961: 941: 937: 927: 925: 907:Bellet, Harry. 905: 901: 891: 889: 879: 875: 865: 863: 852: 851: 847: 837: 835: 822: 818: 808: 806: 799: 795: 794: 790: 780: 778: 771: 767: 766: 762: 750: 748: 746:Real Clear Arts 740: 739: 735: 725: 723: 715: 714: 710: 700: 698: 690: 689: 685: 675: 673: 663: 659: 649: 647: 639: 638: 634: 624: 622: 614: 613: 609: 599: 597: 587: 583: 573: 571: 563:Bakare, Lanre. 561: 557: 547: 545: 531: 527: 522: 487: 413: 401: 385:Court of Appeal 369: 350:Court of Appeal 328:Mossack Fonseca 315:Italian Riviera 281: 257: 252: 213: 198: 174: 138: 116: 114:Lorette Shefner 100: 95: 28: 23: 22: 15: 12: 11: 5: 2992: 2982: 2981: 2976: 2960: 2959: 2933: 2922:. 29 June 2015 2907: 2878: 2853: 2842:. 2 April 2019 2827: 2801: 2776: 2751: 2725: 2703: 2677: 2658: 2633: 2607: 2581: 2570:. 26 June 2019 2555: 2544:. 26 June 2019 2529: 2518:. 25 June 2019 2500: 2474: 2455: 2429: 2418:. 21 June 2018 2403: 2385: 2356: 2330: 2319: 2308:. 8 April 2015 2293: 2268: 2242: 2211: 2185: 2159: 2133: 2107: 2081: 2055: 2029: 1996: 1979:(mediapart.fr) 1962: 1945:(mediapart.fr) 1928: 1897: 1870: 1853:(atlantico.fr) 1836: 1819:(atlantico.fr) 1802: 1771: 1746: 1721: 1693: 1668: 1642: 1617: 1592: 1555: 1529: 1500: 1475: 1450: 1424: 1394: 1368: 1341: 1312: 1299:The New Yorker 1284: 1258: 1241: 1215: 1188: 1169: 1143: 1132:. 12 July 2016 1117: 1086: 1057: 1029: 1001: 989:The New Yorker 971: 935: 899: 873: 845: 816: 788: 760: 733: 708: 683: 657: 632: 607: 581: 555: 524: 523: 521: 518: 486: 483: 446:Salvator Mundi 433:Salvator Mundi 421:Salvator Mundi 412: 409: 400: 397: 368: 365: 280: 277: 256: 253: 251: 248: 212: 209: 197: 194: 173: 170: 137: 134: 115: 112: 99: 96: 94: 91: 40:Bouvier Affair 26: 9: 6: 4: 3: 2: 2991: 2980: 2977: 2975: 2972: 2971: 2969: 2948: 2944: 2937: 2921: 2917: 2911: 2896: 2889: 2882: 2867: 2863: 2857: 2841: 2837: 2831: 2816: 2812: 2805: 2790: 2786: 2780: 2765: 2761: 2755: 2740: 2736: 2729: 2713: 2707: 2692: 2688: 2681: 2673: 2669: 2662: 2647: 2643: 2637: 2621: 2617: 2611: 2595: 2591: 2585: 2569: 2565: 2559: 2543: 2539: 2533: 2517: 2513: 2507: 2505: 2489: 2485: 2478: 2470: 2466: 2459: 2444: 2440: 2433: 2417: 2413: 2407: 2399: 2395: 2389: 2373: 2369: 2363: 2361: 2345: 2341: 2334: 2328: 2323: 2307: 2303: 2297: 2282: 2278: 2272: 2256: 2252: 2246: 2231: 2230: 2225: 2218: 2216: 2199: 2195: 2189: 2173: 2169: 2163: 2148: 2144: 2137: 2121: 2117: 2111: 2096: 2092: 2085: 2069: 2065: 2059: 2044: 2040: 2033: 2017: 2013: 2011: 2006: 2000: 1984: 1980: 1978: 1973: 1966: 1950: 1946: 1944: 1939: 1932: 1916: 1912: 1908: 1901: 1886: 1885: 1880: 1874: 1858: 1854: 1852: 1847: 1840: 1824: 1820: 1818: 1813: 1806: 1790: 1786: 1782: 1775: 1760: 1756: 1750: 1735: 1731: 1725: 1709: 1708: 1703: 1697: 1682: 1678: 1672: 1657: 1653: 1646: 1631: 1627: 1621: 1606: 1602: 1596: 1581: 1577: 1573: 1569: 1562: 1560: 1544: 1540: 1533: 1518: 1511: 1504: 1489: 1485: 1479: 1464: 1460: 1454: 1439: 1435: 1428: 1412: 1408: 1401: 1399: 1383: 1379: 1372: 1357: 1356: 1351: 1345: 1329: 1328: 1323: 1316: 1301: 1300: 1295: 1288: 1273: 1269: 1262: 1254: 1253: 1245: 1229: 1225: 1219: 1203: 1199: 1192: 1184: 1180: 1173: 1157: 1153: 1147: 1131: 1127: 1121: 1106: 1105: 1100: 1093: 1091: 1075: 1071: 1064: 1062: 1046: 1045: 1044:The Telegraph 1040: 1033: 1018: 1017: 1012: 1005: 990: 986: 980: 978: 976: 960: 956: 952: 951: 946: 939: 924: 920: 916: 915: 910: 903: 888: 884: 877: 861: 860: 855: 849: 833: 832: 827: 820: 805: 798: 792: 777: 770: 764: 747: 743: 737: 722: 718: 712: 697: 693: 687: 672: 668: 661: 646: 642: 636: 621: 617: 611: 596: 592: 585: 570: 566: 559: 544: 540: 536: 529: 525: 517: 513: 511: 507: 502: 498: 494: 492: 482: 478: 475: 471: 467: 465: 459: 456: 454: 449: 447: 443: 438: 435: 434: 429: 422: 417: 411:United States 408: 406: 396: 393: 389: 386: 382: 378: 374: 364: 361: 357: 354: 351: 346: 343: 339: 335: 334: 329: 324: 323:Panama Papers 320: 316: 312: 306: 302: 299: 293: 289: 286: 276: 273: 269: 265: 262: 247: 245: 241: 238: 234: 233:Henri Matisse 230: 227: 223: 222:Auguste Rodin 219: 208: 205: 203: 193: 190: 188: 187:Liechtenstein 182: 179: 178:Pablo Picasso 167: 163: 159: 157: 156: 151: 147: 143: 133: 130: 126: 122: 111: 109: 105: 90: 86: 83: 79: 75: 73: 69: 65: 64:United States 61: 57: 53: 49: 45: 41: 32: 19: 2950:. 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Index

The Bouvier Affair

Dmitry Rybolovlev
Yves Bouvier
Monaco
Switzerland
France
United States
Hong Kong
Singapore
curator
freeport
Soutine
National Gallery of Art
Wolfgang Beltracchi
forger
Daniel Filipacchi
Die Zeit

Dmitry Rybolovlev
Pablo Picasso
Liechtenstein
Max Ernst
Paul Gauguin
Auguste Rodin
Amedeo Modigliani
Henri Matisse
Mark Rothko
Gustav Klimt
family trust

Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.

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