May
2012
Sunday, April 15, 2007
Alexandra Peers, New York Magazine, 

Five Years Aprés le Sotheby’s-vs.-Christie’s Scandale

Ever since they were founded in London in the 1700s, Sotheby's and Christie's have been the Hulk Hogan and André the Giant of auction houses, battling for dominance in the sale of expensive, exquisite things. Then, in 2000, it was revealed that they'd been secretly cooperating to fix their prices. Five years ago this week, Sotheby's chairman A. Alfred Taubman was sentenced to jail, but now he has a book out. The prosecution of the houses opened up the secretive, genteel business to the world. So where are the main characters of this drama today?

 

Anthony Tennant

Eton-educated, like virtually all the top brass at Christie's, this former chairman of Guinness PLC was indicted along with Taubman. Federal prosecutors alleged that the two men talked pricing over their occasional breakfasts in London. But Tennant, who said no such thing ever happened, couldn't be extradited to the U.S. for trial. His lucky loophole: Price-fixing isn't a crime in the U.K.

 

A. Alfred Taubman

The 83-year-old mall billionaire did nine months in a federal prison, then retired to Palm Beach, where he wrote a memoir, Threshold Resistance, in which he claims he was framed. Surrounded by Donald Trump and Thomas Krens at his Four Seasons book party last week, Taubman still blamed Christie's. "They were putting out a story that Sotheby's was guilty and [Christie's wasn't]—and they started the thing!"

Posted by Tracey on 04/15/07 at 12:09 PM •  (0) Comments

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