NY-AG v. Sotheby's

Sotheby's allegedly used fraudulent methods to secure tax breaks for its clients on tens of millions of dollars of art purchases. According to the Office of the Attorney General, Sotheby’s encouraged clients to fraudulently claim to be purchasing art for resale, allowing them to avoid paying sales tax on tens of millions of dollars of art they purchased from 2010 to 2020.

Summary generated from official New York Attorney General press release