Bouvier Affair

The Bouvier Affair was a high-profile legal and financial dispute that unfolded between 2015 and 2024, involving Russian billionaire Dmitry Rybolovlev and Swiss art dealer Yves Bouvier. Rybolovlev accused Bouvier of fraud, alleging that he had significantly inflated the prices of 38 artworks, including masterpieces by Pablo Picasso, Leonardo da Vinci, and Mark Rothko.

The affair has played out in courts in Monaco, Switzerland, France, the United States, Hong Kong and Singapore.

Over time, many of the cases against Bouvier were dismissed, and investigations were closed. In December 2023, both parties reached an agreement and set aside all their remaining legal disputes in all jurisdictions.

The case exposed opaque practices in the art world and sparked discussions about the need for regulation in the industry.

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