The Bouvier Affair – When the Plot in Art Price Scheme Goes Deeper

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Recently, the world is shocked allegation of Vladimir Scherbakov that said he is a victim of a plot that reminds people of the famous Bouvier Affair. The Russian oligarch launches litigation against Thierry Hobaica, his art dealer. However, evidence shows that the case has a clear connection with the Bouvier affair.Where Is It All Started?It is all started when Vladimir Scherbakov, a Russian billionaire and a former politician in the Soviet-era wants to have a respected hobby by collecting fine arts and paintings. He has already had famous collections such as “Summer Harvest Time” by Bruegel the Younger, “Study from the Human Body after Muybridge” from Francis Bacon, “Le Rio de La Salute” by Claude Monet, “Naked Man and Woman” by Pablo Picasso, and more. However, the impressive collection doesn’t make him happy. He has allegedly fallen victim to a rigging scheme of the price set up by his fellow art dealer, Thierry Hobaica. Their collaboration started when the wealthy industrialist asked Hobaica to help him in creating his collection. The French-born Swiss art dealer then offers his service for a 5% commission free from every purchase made. But many reports say that during the negotiation, buyers often asked for reduction over the price offered and most of the time, the famous intermediary would come back to them with a better deal. Hobaica even often gives up the entire commission he should have received from the purchase several times. It really impresses the customers. In the fact, they don’t know that Hobaica actually has inflated the selling price for his own benefits. But, when Scherbakov found out what was really happening and made an official complaint in 2015, Hobaica claimed that he was unguilty.What Is Really Happening?The Scherbakov affair is actually not the only one to happen in the art industry. The same case occurred in German three years ago when Achenbach, an art dealer, was found guilty of mismanagement and fraud. He was hired by Albrecht, a famous gallerist, to buy 21 pieces of fine artworks on his behalf with a 5% of commission. The Swiss media, as well as the other observers, believe that there is actually a mastermind behind all these cases, that is Yves Bouvier himself.The court papers revealed that most of the offshore entities that used by Hobaica to make deal with Scherbakov belong to Tribune Geneve Bouvier. Hobaica even recruited Bouvier formally as his fiduciary at certain points. In addition, the entire collections owned by Scherbakov were stored in special facilities built by Bouvier. The art dealer remained under spotlight until his another legal battle with Dmitry Rybolovlev came to surface and gained massive publicity in 2015. He is the “King of Freeports” due to his ability to avoid taxes over the income he earned from the commission of artworks selling. The “freeports” are actually a group of “artistic hubs” built as special facilities and functioned as rental facilities to give services to companies, museums, and art collectors. The “freeports” are said to be his true passion.&nbsp;<a href="https://www.courthousenews.com/sothebys-accused-of-abetting-largest-art-fraud-in-history/" target="_blank"></a><span style="font-size: 10pt; font-family: Arial, sans-serif; color: black;">&nbsp;is where you can get more information about the Bouvier Affair.<o:p></o:p></span></p><p><span style="font-size: 10pt; font-family: Arial, sans-serif; color: black;">https://www.courthousenews.com/sothebys-accused-of-abetting-largest-art-fraud-in-history/<br></span></p><p><span style="font-size: 10pt; font-family: Arial, sans-serif; color: black;"><br></span></p><p></p><p></p><p class="sceditor-nlf">
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