CHRISTIES/SOTHEBYS
April 1st, 2002
BY ALAN OSBORNSIGNIFICANT changes in the international art market, with possibly adverse consequences for European museums, galleries and other art buyers, could follow from a case being brought by the European Commission against the world's two leading fine art auction houses, Christie's International plc in London and Sotheby's Holdings, Inc of New York.Brussels alleges that the two houses, which between them command 90 per cent of the market, breached EU competition rules by colluding to fix commission fees and other trading terms between 1993 and 2000. The ...
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