Displaying items by tag: art dealrt

On a sunny morning in late February, Yves Bouvier, a Swiss art dealer, flew into Nice and drove 20 miles along the French Riviera to Monaco to meet his top client, Russian billionaire Dmitry Rybolovlev. Bouvier had come to work out the final payment for Mark Rothko’s No. 6 (Violet, Green and Red), which Rybolovlev had agreed to buy for €140 million back in August. Bouvier, 51, entered the lobby of the cream-colored, belle époque mansion where Rybolovlev’s penthouse apartment overlooks Monte Carlo’s yacht-filled marina.

Assuming business as usual, Bouvier approached a man he thought was one of Rybolovlev’s bodyguards.

The Dutch royal family has said it will return a painting from its collection thought to have been looted by the Nazis during World War Two. The painting, by Joris van der Haagen, had been bought by Queen Juliana from a Dutch art dealer in 1960.

The palace said an investigation looked at tens of thousands of art works in the House of Orange's collection. Officials have contacted the heirs of the original owner, who was not named, to arrange its return.