Russian billionaire loses art fraud case against Sotheby’s

A New York federal jury deliberated for a few hours on Tuesday before reaching a decision in Dmitry Rybolovlev’s case against Sotheby’s, The New York Times reported (Lionel Cironneau/AP)

A Russian billionaire art collector has lost a legal fight with Sotheby’s – when a US jury sided with the auction house over claims the businessman was ripped off while assembling a trove of works that included a famous painting known as “the lost Leonardo”.

A New York federal jury deliberated for a few hours on Tuesday before reaching a decision in Dmitry Rybolovlev’s case against Sotheby’s, The New York Times reported.