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What Geneva’s Art King Lost in Battle with Russian Billionaire

Posted on 07 February 2017. Source: Bloomberg

What Geneva’s Art King Lost in Battle with Russian Billionaire

Bouvier, a minority shareholder in the Geneva Free Ports, created a network of tax-free art storage warehouses in Singapore and Luxembourg while discreetly acquiring dozens of works by Pablo Picasso, Claude Monet and Amedeo Modigliani to sell to Russian billionaire Dmitry Rybolovlev. Then, in February 2015, he was arrested on fraud charges by a team of eight Monaco police officers outside a seafront mansion owned by the Russian.

No matter how things play out, Bouvier’s future in the art business will not be easy, said Karen Sanig, head of art law at Mishcon de Reya London, who isn’t involved in the case. "Given that Bouvier’s reputation may have suffered following a very public spat about art dealing, it could be difficult for him to be considered as the first port of call in a private art deal," she said.

Read the full article here.

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