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Sotheby's Settles Civil Antirust Charges
By Brian Graney (TMF Panic)

"There was news from the auctionhouse world this weekend as Sotheby's Holdings (NYSE: BID) and privately held Christie's International agreed to settle a civil antitrust suit for price-fixing that had been brought on behalf of the firms' past customers. As first reported by The New York Times, the auctioneers have agreed to split a payment of $512 million to settle the charges. "

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