Sotheby's, Russian billionaire Rybolovlev agree to mediate art fraud case

FILE PHOTO: People walk outside of Sotheby's building during a press preview before Sotheby’s November auctions in New York, U.S., November 4, 2022. REUTERS/Eduardo Munoz

NEW YORK (Reuters) - Sotheby's and Russian billionaire Dmitry Rybolovlev have agreed to mediation to try to resolve the oligarch's art fraud lawsuit against the auction house.

Rybolovlev accused Sotheby's of helping his former art dealer, Switzerland's Yves Bouvier, acquire 15 pieces of world-class art for which Rybolovlev paid more than $1 billion.