Sotheby’s Still Paying For Price-Fixing Scandal

Law360, New York (August 28, 2006, 12:00 AM EDT) -- Canada’s top antitrust agency served the auction house Sotheby’s and its Canadian subsidiary with a Prohibition Order on Monday, following an investigation into an international price-fixing conspiracy.

The Competition Bureau is requiring Sotheby’s and Sotheby’s Canada to provide written proof of compliance with the Prohibition Order for five years, the bureau said.

“The court’s order addresses the bureau’s concerns that Canadian vendors benefit from competitive prices for international auction services,” said Denyse MacKenzie, the senior deputy commissioner of competition. “The bureau’s investigation focused on the harm...
To view the full article, register now.