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Christie’s, Sotheby’s Agree To Pay $512 Million Collusion Settlement

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Sotheby's Announces Its Biggest Sale — Itself — For $3.7 Billion : NPR

Christie’s also agreed to pay $256 million to customers but faces no federal criminal charges because it came forward first with evidence of collusion and won conditional amnesty.

Experts Support Settlement Of Auction House Lawsuit

Christie’s, Sotheby’s immediately followed suit. As described in Mason (2004) The Society of London Art Dealers and the British Antique Dealers Association hired legal counsel to try to

Sotheby’s Holdings Inc. and Christie’s reportedly have tentatively agreed to pay $512 million to settle claims that the two auction houses conspired to fix commission fees.

Sotheby’s auction house admitted yesterday that it spent most of the 1990s colluding with rival Christie’s to strong-arm money from elite art and antiques dealers, pleading

  • Art Sellers Look to Use Coupons in Settlement
  • Ex-Chairman Of Sotheby’s Gets Jail Time
  • Auction houses reach settlement

A Alfred Taubman, former chairman of Sotheby’s, files papers challenging conditional amnesty granted to Christie’s and alleging Christie’s board members and senior

Whatever Ms Brooks chose to do she did completely on her own without my knowledge or approval,“ A. Alfred Taubman said. If the need arises, I will vigorously defend

Christie’s is a world-leading art and luxury business. Renowned and trusted for its live and online auctions, as well as its bespoke private sales.

A federal judge has approved a $512 million settlement in a civil lawsuit that accused Sotheby’s Holdings and Christie’s International of collusion in fixing commission rates

In re Auction Houses Antitrust Litigation

Court papers indicate that economics experts have endorsed a $512 million class action settlement by Christie’s and Sotheby’s; report is major step toward final court approval of

Sotheby’s and Christie’s tentatively agreed today to pay $512 million to settle claims that the world’s most powerful auction houses cheated buyers and sellers in a price

A federal judge has approved a $512 million settlement in a civil lawsuit that accused Sotheby’s Holdings and Christie’s International of collusion in fixing commission rates

In September, Sotheby’s and Christie’s agreed to pay $512 million — $412 million in cash and an additional $100 million in coupons — to settle the claims by the customers

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  • Judge Approves Auction-House Collusion Settlement

NEW YORK — Sotheby’s and Christie’s, the world’s two dominant art auction houses, have agreed to pay $512 million to settle a class-action civil lawsuit that accused them

A Manhattan federal judge signed off yesterday on a $512 million settlement for victims of the Sotheby’s-Christie’s auction house price fixing scandal. Judge Lewis Kaplan did

Auction houses reach settlement

In the 1990s, the U.S. Justice Department charged the two houses with colluding to fix sales commissions. They eventually paid a total of $512 million to settle claims by buyers and sellers that they’d been cheated, and

Browse Christie’s upcoming auctions, exhibitions and events. Online Auction 23732 Watches Online: The New York Edit, Featuring Stories in Time: A Collection of

THE ART MARKET

Federal Judge George B Daniels sentences Sotheby’s ex-chairman A Alfred Taubman to year and day in prison and fine of $7.5 million for role in price-fixing scheme with

Christie’s and Sotheby’s are Pinning their Hopes on Single-owner ...

The world’s largest auction houses, Sotheby’s and Christie’s, agreed yesterday to pay $512 million to settle claims that they cheated buyers and sellers in a price-fixing scheme

However, on 13 April 1995, Sotheby’s also announced its own new sellers’ commission rates, which were very similar to Christie’s, as presented in Table 2. After publication of Sotheby’s

Sotheby’s and Christie’s completed an agreement yesterday to pay $512 million to settle claims that they cheated about 100,000 buyers and sellers in a price-fixing scheme

Auction houses Sotheby’s Holdings Inc. and its rival Christie’s will each pay $20 million to settle antitrust litigation related to a costly price-fixing scheme, Sotheby’s reportedly

on the novel auction process used to choose the lead counsel for the civil settlement. Finally, though buyers received the bulk of the damages, a straightforward application of the economic

Sotheby’s and Christie’s auction houses have reached a tentative agreement to pay $512 million to settle claims they conspired to manipulate prices they were paid by sellers

Sotheby’s and Christie’s International, its chief competitor, control more than 90 percent of the world’s auction business. They provide substantially the same services to sellers

BRUSSELS, Belgium — The European Commission fined the Sotheby’s auction house $20.1 EU fines Sotheby’s $20.1M for colluding with Christie’s Middletown Press Logo Hearst Newspapers

NEW YORK –The board of Sotheby’s has approved payment of its half of a $512 million settlement to resolve claims it cheated buyers and sellers for years by fixing fees with