With all the money changing hands at the upper end of the art market it was only a matter of time:
The secret world of multimillion-pound art deals is facing a US inquiry into allegations of money laundering. Federal investigators have opened an inquiry into Yves Bouvier, a Swiss businessman described as “one of the art world’s consummate insiders”. The US Department of Justice is examining the sale of paintings by artists including Leonardo da Vinci, Modigliani, Gustav Klimt and Mark Rothko, according to Bloomberg News.
It was reported that Bouvier's client, Dmitry Rybolovlev, spent more than $2 billion on 40 works of art --- earning Bouvier huge commissions. For more on this, click HERE.