Word: auctioneer
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CONVICTED. A. ALFRED TAUBMAN, 76, ex-chairman of the giant Sotheby's auction house and billionaire shopping-mall developer; of colluding with Christie's to fix prices, defrauding art sellers of millions in commissions; in New York City. Despite defense denials, the jury apparently believed star witness Diana Brooks, Sotheby's former CEO, who testified that Taubman helped hatch the scheme in 1993. He faces three years in prison and a $350,000 fine...
...signed "Army of God" to about 280 abortion clinics; in Cincinnati, Ohio. Waagner, found with $8,986 in cash and a .40-caliber loaded semiautomatic pistol, had escaped from an Illinois jail in February. CONVICTED. A. ALFRED TAUBMAN, 76, the former chairman of Sotheby's, of conspiring with rival auction house Christie's to fix commissions paid by fine art sellers; in New York. His net worth at the time of the scam was $700 million and he allegedly stole as much as $400 million in charges from 1993 to 1999. He faces up to three years in prison. CAPTURED...
Taubman, the former chair of Sotheby’s auction house, was found guilty of price-fixing, along with the head of Christie’s auction house, Anthony Tennant, after the jury deliberated for a total of nine hours over the course of two days...
When U.S. prosecutors indicted Sotheby's and Christie's, the country's pre-eminent auction houses, in a price-fixing scheme earlier this year, observers were giddy at the prospect of watching the high-toned lead players testify against each other in court. Last week Diana Brooks, Sotheby's elegant, blond ex-president, who was once considered the most powerful woman in the art world, did not disappoint. Brooks, who pleaded guilty last year to antitrust conspiracy and agreed to testify for the government, charged that her former boss, A. Alfred Taubman, was behind the plan that allegedly bilked patrons...
...game will undoubtedly most ardently be played by prot?g?s of the former Suharto regime who still hold key judicial, military and legislative positions. "Court cases here are basically an auction where the highest bidder wins," says Hans Vriens, who heads the Jakarta office for the Washington-based consulting group Apco. "In this case, of course, there will be immense political pressure on the judges as well...