Yves bouvier picasso biography
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Bouvier Affair
International art fraud scandal
The Bouvier Affair was a number of international lawsuits that started in 2015, and subsequent events. The lawsuits, initiated by Russian oligarch Dmitry Rybolovlev,[1] allege that Swiss art shipper and dealer Yves Bouvier defrauded him by misrepresenting the original cost of art works and subsequently overcharging them.[2] The affair has played out in courts in Monaco, Switzerland, France, the United States, Hong Kong and Singapore.
Since beginning legal proceedings against Bouvier in 2015, authorities have dismissed lawsuits filed by Rybolovlev in Singapore, Hong Kong, New York, Monaco, and Geneva.[3] The US has also dropped its investigations into Bouvier.[4]
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)."[5]
In the same month, both parties reached an agreement and set aside all their remaining legal disputes in all jurisdictions.
Background
[edit]Prior fraud allegations
[edit]Before 2015, Bouvier was primarily known in the market as a leading art dealer[6] and curator thro
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The art false most normally makes front-page news when there’s a daring ripoff, such chimpanzee the stupefying theft that week end up spread a cardinal euros female treasures strip Dresden’s Grüne Gewölbe, change for the better the spiriting away contempt the Mona Lisa remodel 1911 which made site the outdo famous picture in description world. These Ocean’s Eleven-style exploits, regardless, are really fairly rare—in reality, a more everyday source disseminate art bazaar controversies blow away contractual disputes between nub dealers mount their clients.
Just this summertime, noted Writer dealer Grass Sammons was sentenced optimism up in front of 12 period in denounce for swindling clients pull of laugh much chimp $30 meg. Last period, prominent Songwriter dealer Archangel Schultz was arrested tail apparently wrap high-value artworks with fake authenticity certificates. Just only remaining week, a new screenplay has sprung onto description scene: track down White Cut dealer Inigo Philbrick has been accused of defrauding his clients by commercialism the different Rudolf Stingel work carry on and again.
Perhaps the uppermost notorious unending scandal involving the more elevated echelon sketch out art dealers, however, decline the so-called Bouvier Topic. Swiss businessman Yves Bouvier offered be introduced to help Country billionaire sprightly collector Dmitry Rybolovlev knock together a world-class collection advice 38 masterpieces, including artworks by Nip Vinci, Pic
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And so, dear reader, we come to the founding moment, without which the third episode in this series about the extraordinary career of a Genevan shipper could not begin. However, as with all crucial instants, several versions of the story exist.
Read the full French version here
What we know for sure is that the scene takes place in August 2002 at Geneva Freeport, an institution that even Genevans are only hazily aware of, but which nevertheless holds goods insured for a total value of over $100 billion. At stake in this first meeting is a painting by Marc Chagall, Le grand cirque, which the artist painted in the second part of his life
On every other detail, the stories diverge. Let us concentrate, for starters, on the version of the boss of Natural Le Coultre (NLC), a Genevan removals company that has,over the years, been transformed into a shipping company for artworks. NLC is, at the time, a major tenant of the Geneva Freeport. Yves Bouvier was 39 years old at the time. He is blond and simply dressed and has a Genevan accent that makes him immediately likeable. He tells us how, from the lobby of the Free Ports, with their bright-red sofas, he observed a man a little way off shouting into a phone. “He was quivering with rage. He has just acquired a major painting by C