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BUSINESS
March 12, 2003 | 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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ENTERTAINMENT
April 17, 2008 | From Bloomberg News
A Faberge icon of Jesus Christ in a silver frame studded with rubies, sapphires, pearls and emeralds sold today for $780,000, more than five times its high estimate, at a Sotheby's auction in New York. A Moscow dealer in the room lost to a telephone bidder in a drawn-out, five-minute battle for the icon, made in about 1900. The icon was the most expensive lot in Wednesday's sale of Faberge items, imperial porcelain, icons, bronzes and enamels. On Tuesday, Sotheby's sold $36 million of Russian 19th and 20th century paintings.
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BUSINESS
January 31, 2001 | Reuters
A federal judge dismissed three antitrust lawsuits brought against auctioneers Christie's International and Sotheby's Holdings Inc. alleging they had fixed commission fees charged to customers in overseas auctions. U.S. District Judge Lewis Kaplan ruled that U.S. antitrust laws do not apply to activities abroad unless it can be shown the conduct intended to have or had significant effects within the United States.
ENTERTAINMENT
November 28, 2006 | Suzanne Muchnic
The Beverly Hills branch of Sotheby's auction house is getting into the holiday spirit today with a one-day show of rare Christmas books, manuscripts, drawings, cards and depictions of Santa Claus. Amassed over 50 years by the late advertising executive Jock Elliott, the collection will go on the block Dec. 12 at Sotheby's New York, where it's expected to bring up to $1 million. * Suzanne Muchnic
ENTERTAINMENT
May 8, 1998 | SCARLET CHENG, SPECIAL TO THE TIMES
With Asia staggering from economic crises, eyes were on Hong Kong last week as auctions at Sotheby's and Christie's vied for their share of what is left of the fabled Asian wealth. Chinese paintings, ceramics, snuff bottles and works of art went under the hammer along with Western jewelry and watches, fine wines and cognac in this most important of Asian art markets. The good news is that there still seem to be people willing to spend.
NEWS
November 13, 1995 | Reuters
Sotheby's auction house broke the record for a wine auction in the United States, with a two-day take of $2,092,534. A double magnum of Chateau Lafite 1865 took in the highest price for a single bottle: $27,600, or $862 per glass.
ENTERTAINMENT
January 7, 2000
Sotheby's will launch its Internet auction site, http://www.sothebys.com, with a public exhibition at the auction house's facility in Beverly Hills, Tuesday through Jan. 18. More than 100 objects will be on view, including a Louis XV-style grand piano, a watercolor by Jean Charlot, prints by Winslow Homer and Wayne Thiebaud, photographs by Robert Mapplethorpe and Barbara Morgan and a variety of jewelry, books, sculpture and decorative arts.
ENTERTAINMENT
November 28, 2006 | Suzanne Muchnic
The Beverly Hills branch of Sotheby's auction house is getting into the holiday spirit today with a one-day show of rare Christmas books, manuscripts, drawings, cards and depictions of Santa Claus. Amassed over 50 years by the late advertising executive Jock Elliott, the collection will go on the block Dec. 12 at Sotheby's New York, where it's expected to bring up to $1 million. * Suzanne Muchnic
ENTERTAINMENT
December 2, 1994 | From Reuters
The manuscript of a Schumann symphony, lost for more than 50 years, was sold at auction for a record $2.3 million in London on Thursday. It was a record not just for a manuscript by Robert Schumann but for any 19th-Century score, Sotheby's auction house said. It said the manuscript of the German Romantic composer's second symphony, written in 1846-47, was bought by Robin Lehman and his wife in New York City in a telephone bid through a dealer.
NEWS
December 3, 2000 | Associated Press
Sotheby's will auction an 1817 document in which Thomas Jefferson outlines plans to build the University of Virginia. The 15-page document is expected to fetch $300,000 to $500,000 when it goes on the auction block Dec. 13 at Sotheby's in New York, the auction house said Friday. In the document, Jefferson outlined steps for forming an independent public school system free of religious influence.
ENTERTAINMENT
September 13, 2004 | Geoff Boucher
Staging an estate auction for a recently deceased celebrity can be a crass business, and when that celebrity happens to be named Cash, some unkind puns quickly spring to mind. So give credit to Sotheby's LLC for the massive auction this week in New York that is handling the estate of Johnny and June Carter Cash with as much archival reverence and sentiment as its gavel business allows. "It's a delicate thing, and we know it.
ENTERTAINMENT
March 12, 2003 | Scott Timberg, Times Staff Writer
In what could be the last chapter of years of legal trouble, Christie's and Sotheby's, the world's largest auction houses, have agreed to pay $20 million each to resolve antitrust claims by customers outside the United States. The proposed settlement, which must be approved by U.S. courts, stems from a criminal case in which former Sotheby's Chairman A. Alfred Taubman was convicted of conspiring with former Christie's chief Anthony J.
BUSINESS
March 12, 2003 | 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.
NEWS
December 5, 2001
A jury completed its first day of deliberations in New York City without a verdict in the trial of a former Sotheby's chairman accused of conspiring with the auction house's chief competitor to rip off sellers of fine art. Federal prosecutors accused A. Alfred Taubman of scheming with former Christie's Chairman Anthony Tennant to steal as much as $400 million in commissions paid by sellers from 1993 to 1999. If convicted, Taubman could face up to three years in prison.
ENTERTAINMENT
November 30, 2001 | PAUL LIEBERMAN, Times Staff Writer
Attorneys for A. Alfred Taubman rested their case at his federal price-fixing trial here Thursday without calling the former Sotheby's chairman as a witness in his own defense. Instead, the defense relied on the testimony of present and former officials of the auction house to describe the 76-year-old Taubman as a man more interested in the guest list of parties than the financial details of his business, and a man who sometimes dozed at board meetings.
ENTERTAINMENT
November 23, 2001 | PAUL LIEBERMAN, TIMES STAFF WRITER
Arriving for his trial one morning this week, A. Alfred Taubman hugged a family member, nodded toward the courtroom and offered his appraisal: "She's been quite an actress--amazing." The 76-year-old former billionaire chairman of Sotheby's auction house was not speaking of actress Sigourney Weaver, who has taken in some of the proceedings to prepare for a TV movie on the case. Taubman's review was directed at his former protegee and CEO at Sotheby's, Diana D.
BUSINESS
March 28, 2001 | Associated Press
A federal judge in New York threatened to reject a $537-million settlement of lawsuits brought by customers of Sotheby's and Christie's auction houses in a price-fixing case, just weeks after tentatively approving it. U.S. District Judge Lewis Kaplan said lawyers who reached the deal tried to satisfy his concerns by tinkering with the numbers rather than adequately modifying the settlement.
CALIFORNIA | LOCAL
June 11, 2000 | CARLA HALL, TIMES STAFF WRITER
They came as early as 6:30 a.m. Saturday to Sotheby's Heirloom Discovery Day, lugging--and we do mean lugging--dolls, battered chairs, a Buddha statue, old paintings and prints. The dream is that the $4 lamp you bought at a lawn sale and that has been exiled to the garage is actually worth $40,000 because its maker turns out to be a landmark artisan. (That actually did happen Saturday.
ENTERTAINMENT
November 21, 2001 | Elaine Dutka
Brooks Testifies in Price-Fixing Trial Diana D. Brooks, the former chief executive of Sotheby's auction house, described herself Tuesday as a reluctant participant in a price-fixing scheme with rival Christie's, saying, "I was nervous about it, but I agreed to do it willingly." In her second day testifying at the New York City trial of her former boss, A.
NEWS
May 3, 2001 | JOHN J. GOLDMAN and SUZANNE MUCHNIC, TIMES STAFF WRITERS
A federal grand jury on Wednesday indicted the former chairmen of the world's two largest auction houses on charges of colluding to fix commissions on what sellers paid when they put artworks and other items up for bidding. The indictment alleges that A. Alfred Taubman, who headed the Sotheby's board from 1983 to 2000, and Anthony J. Tennant, Christie's chairman from 1993 to 1996, met to exchange confidential information about customers and to set identical rates.
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