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Violation Tracker Individual Record

Company: Sotheby's Holdings Inc.
Current Parent Company: Sotheby's
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
Penalty: $45,000,000
Year: 2000
Date: October 5, 2000
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Sotheby's Holdings Inc. agreed to plead guilty and pay a $45 million criminal fine for fixing the price of commission rates charged to sellers of art, antiques, and other collectibles at auctions.
Level of Government: federal
Action Type: agency action
Agency: Justice Department Antitrust Division
Civil or Criminal Case: criminal
HQ Country of Current Parent: USA
HQ State of Current Parent: New York
Ownership Structure of Current Parent: privately held
Major Industry of Current Parent: miscellaneous services
Specific Industry of Current Parent: auction house
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.