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Europe Daily Bulletin No. 8331

31 October 2002
Contents Publication in full By article 28 / 43
GENERAL NEWS / (eu) eu/competition
Christie's and Sotheby's penalised for collusive behaviour

Brussels, 30/10/2002 (Agence Europe) - The famous fine art auction houses Christie's and Sotheby's have been found guilty of infringing European rules of competition under Article 81(1) (ban on concerted agreements or practices with as effect price fixing, limitations on production or sharing out the market). Based on evidence provided by Christie's itself in January 2000, the Commission was able to gather proof of a cartel consisting in fixing sales commissions and other commercial...

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