Former Sotheby's chairman Al Taubman and former Guinness PLC chairman Anthony Tennant.
(Photo: From left, Neil Rasmus/Patrick McMullan; Alastair Grant/AP Photo)
Readings
Listen to author Christopher Mason explain how he began covering the price-fixing conspiracy http://video.cnbc.com/gallery/?video=697473416; hear Alfred Taubman's
thoughts on his meetings with Sir Anthony Tennant http://video.cnbc.com/gallery/?video=697487072; and see some of the handwritten notes detailing the terms of the
"fix" http://www.cnbc.com/id/23812895/ from CNBC's American Greed, Season 2, Episode 16, "Soaking the Rich at Auction". Read Orley Ashenfelter and Kathryn Graddy,
"Anatomy of the Rise and Fall of a Price-Fixing Conspiracy: Auctions at Sotheby's and Christie's," Journal of Competition Law and Economics I (I) 3-20, 2005
http://www.econ.ucsb.edu/~tedb/Courses/Ec1F07/ashenfeltersothebychristie.pdf and James B. Stewart's, "Bidding War: How an Antitrust Investigation into Christie's and
Sotheby's Became a Race to See Who Could Betray Whom," the New Yorker, Anals of Law, October 15, 2001, p. 158 https://www.msu.edu/course/ec/360/george/Readings/Bidding%20War.htm
Individual Contributions
Vincent Anthony Falkiewicz
Erica Gilbert-Levin
Kimberly Ann Phoenix
Consider & comment:
What did you think of today's readings and wiki features? What issues if any did they raise for you? How did the audio visual material provided support your understanding of this topic? Comment on your classmates' posts. Leave your comments in the box below.