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EC investigates auction house cartel

Series: RICS Brussels Briefing ; 29 April 2002, (1)Publication details: 2002Subject(s): Summary: Christie's and Sotheby's have been sent notification that the European Commission considers they have been operating a cartel. This is the first step in EU antitrust proceedings. The two companies have six weeks to reply in writing to the Commissionαs allegations. http://www.rics.org/ricscms/bin/show?class=Brief&template=/includes/showbrief.html&id=344

Christie's and Sotheby's have been sent notification that the European Commission considers they have been operating a cartel. This is the first step in EU antitrust proceedings. The two companies have six weeks to reply in writing to the Commissionαs allegations. http://www.rics.org/ricscms/bin/show?class=Brief&template=/includes/showbrief.html&id=344