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Bidding War

Number 18301
Subject None
Source New Yorker
State None
Year 2001
Publication Date Oct. 15
Summary The New Yorker follows an antitrust investigation of a criminal price-fixing conspiracy between auction houses Sotheby's and Christie's. The story reveals that the investigation instigated a race "to see who could betray whom," resulting from the practice of American antitrust system to encourage the cooperation of informants. The article details the history of both auction houses, as well as the long litigation and settlement process in which they have been involved.
Category General
Pages 15
Keywords Sherman Antitrust Act;competitive market;trusts;monopolists;prices;Justice Department;lawyers;judges;courts;commissions;jurisdiction;criminal conspiracy;crime
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