A judge’s decision lies ahead, and appeals are highly likely. But this case could end Mr. Trump’s decades-long role in the New York real-estate business.
Dmitry Rybolovlev accused the auction house of aiding a dealer who he says defrauded him in art sales. Sotheby’s says the oligarch spent billions without proper due diligence.
The penalty was well over the $250 million that the attorney general, Letitia James, had estimated in the fall of 2022, when she sued the former president.