Sotheby’s Agrees to Pay New York $6.25 M. To Settle Art Sales Tax Fraud Case
Sotheby’s York Avenue headquarters. Getty Images Sotheby’s has agreed to pay the State of New York $6.25 million to settle a lawsuit filed by Attorney General Letitia James, that alleged the auction house helped collectors in avoid sales taxes on high-value art purchases. The New York Attorney General’s office claimed that from 2010 to 2020, …
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