Sotheby’s May Be Liable for $4M in Missing Diamonds

RAPAPORT... Sotheby’s may have to pay a consignor $4 million after the auction house allegedly released 45 vivid-yellow diamonds to another entity.On July 14, an appellate court ruled on a claim brought against Sotheby’s by M&L Financial. The ruling assumes that the facts contained in M&L’s allegations are true.According to the filing, M&L claimed that Jona Rechnitz, the owner of Jadel...