Judge lenient on price-fixing fine
US: THE THREE year investigation into the price-fixing conspiracy between Sotheby’s and Christie’s entered its closing stages at a federal court in Manhattan last week as a federal judge formally accepted the criminal guilt of both auctioneers and no legal objections were raised to the terms of the $512m settlement in the civil lawsuit.
No date has been set for the pay-out.
Judge Kaplan agreed that Sotheby’s should pay the $45m fine f…