Sotheby’s, Christie’s to Settle Litigation
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From Reuters
Auction house Sotheby’s Holdings Inc. and its rival Christie’s will each pay $20 million to settle antitrust litigation related to a costly price-fixing scheme, Sotheby’s said.
The agreement, which is subject to court approval, will settle a class-action lawsuit that sought damages through U.S. courts related to overseas auctions that took place from 1993 to 2000, the company said.
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