Sotheby's vs Christie's | The Point of No Return | 2

Business Wars

Audible

History, David Brown, Business, Management

4.6 • 13.5K Ratings

🗓️ 21 December 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

It’s 1993 and Sotheby’s DeDe Brooks and Christie’s Christopher Davidge, at the behest of their bosses Alfred Taubman and Sir Anthony Tennant, begin meeting secretly to discuss fixing prices in a way that will benefit both auction houses.

But as the collusion plot starts to pay off and profits begin to rise, both their colleagues and the feds begin to sense something is amiss.

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Transcript

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0:00.0	Hey, prime members, you can binge all three episodes of Sotheby's versus Christie's,
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0:07.0	Download the app today.
0:10.0	Early May, 1993, New York City.
0:22.0	Diddy Brooks sits at her desk at Sotheby's, going over a catalog for an upcoming auction.
0:29.0	Brooks looks up to see her boss, Alfred Tobman, standing in the doorway.
0:34.0	She's usually unflappable, but now, Brooks feels uneasy.
0:40.0	She hasn't held up her end of the bargain since meeting with him last week, but she can't avoid him.
0:46.0	Brooks beckons him inside.
0:49.0	I had a feeling you wanted to check in.
0:53.0	Tobman closes the door behind him and sits down.
0:57.0	You said you wanted to think about what I told you.
1:00.0	Well, I've given you ample time.
1:02.0	Have you contacted Dovidge?
1:04.0	About a week ago, Tobman told Brooks to call Christopher Dovidge, her counterpart at Christie's, to arrange a meeting.
1:11.0	Tobman's put Brooks in charge of working out the finer details of the plan he hatched with Christie's chairman, Sir Anthony Tenet,
1:18.0	a plan to fix their commission rate.
1:22.0	Brooks looks down.
1:24.0	No, Sir, I have not, but I have my reasons.
1:27.0	I'm brand new in my job as head of Worldwide Auctions.
1:30.0	I need time to learn about our business in Europe and Asia.
1:33.0	Brooks was recently promoted to COO of Sotheby's Worldwide, and now she's overseeing auctions all over the globe.
	...

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