“The crisis into which the auction world is now plunged was bound to break out sooner or later. The occasion was the U.S. antitrust investigation of Sotheby’s and Christie’s for possible collusion in setting commissions for buyers and sellers. But the fundamental reason is the need for revenue, caused by the rising costs of competition as art-market supplies inexorably diminish.” – Artnewsroom.com
- Sotheby’s profits down. – The Art Newspaper
- Future in doubt. – The Art Newspaper