The New York Times gets the most important quote in the long-simmering story surrounding Yves Bouvier. His fight with Dimitri Rybolovlev is getting the headlines but the more consequential issue for Bouvier and his enterprises is the now wide-spread view that he has a conflict of interest:
Larry Gagosian, the New York art dealer, is among those who question whether Mr. Bouvier should be both storing and selling art since running a warehouse gives him privileged information about collectors’ art holdings.
“I’d consider it a terrible conflict of interest and would never keep art long term in the warehouse of a dealer,” Mr. Gagosian said.
The Billionaire, the Picassos and a $30 Million Gift to Shame a Middleman (The New York Times)