Violation Tracker Individual Record

Company: 
Sotheby's Holdings Inc.
Current Parent Company: 
Sotheby's
Penalty: 
$45,000,000
Year: 
2000
Date: 
October 5, 2000
Primary Offense: 
price-fixing or anti-competitive practices
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 Parent: 
USA
HQ State of Parent: 
New York
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
miscellaneous services
Specific Industry of Parent: 
auction house
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.