Porsal Equities News

Sotheby’s Must Face New York Claims It Helped Rich Collector Dodge Taxes

Sotheby’s must face a lawsuit by New York’s attorney general accusing the auction house of fraudulently helping a wealthy art collector dodge millions of dollars of sales taxes, a state judge has ruled. The case concerned purchases by a Sotheby’s …

New York Sues Sotheby’s for Helping Client Escape Sales Taxes on Artwork

Sotheby’s was sued on Friday by New York’s attorney general, who accused the auction house of defrauding the state by helping an important client avoid millions of dollars of sales taxes on art he purchased. Attorney General Letitia James said …