Timeline Sotheby's Christie's

Time Line: The Rise Of Christies And Sothebys Anna Rohleder 1744 Sothebys is founded by book star Samuel Baker. 1766 Christies is founded by James Christie, who resigns from a Navy commission to mail away up aucti whizereering. 1964 Sothebys buys New York auction house Parke-Bernet and expands internationally. 1973 Christies becomes a domain company listed on the London Stock Exchange. 1977 Christies opens saleroom in New York. September 1983 A. Alfred Taubman buys Sothebys. 1988 Taubman takes Sothebys public. November 1992 Sothebys increases commissions for buyers. celestial latitude 1992 Christies also increases buyers commissions. 1993 Sothebys boss administrator Diana Brooks and her counterpart at Christies, Christopher Davidge, meet and contract to establish ways of sharing the subscriber line. March 1995 Christies introduces unflinching sliding-scale fee for sellers, consequently excluding option of negotiating more favorable rates. A pril 1995 Sothebys follows go with fixed sellers fees. 1997 U.S. judge Department begins fair investigation into the 2 auction houses business practices. May 1998 French tycoon Francois Pinault, one of the richest men in France, buys Christies for just everywhere $1 billion and takes it private.

November 1999 Pinaults arch rival, Bernard Arnault, buys Phillips auction house for $100 million and folds it into his LVMH luxury-goods conglomerate. December 1999 Christies CEO Christopher Davidge resigns with a $7 million severance package. January 2000 Davidge turns over a treasure trove of documents desc ribing the price-fixing scheme and how it ca! me about to federal investigators in return for conditional amnesty. January 2000 Christies announces it is cooperating with the government in the antitrust investigation. January 2000 Clients of both Christies and Sothebys file hundreds of obliging lawsuits, which are later fused into one class-action suit. February 2000 Taubman resigns as...If you want to raise up a near essay, order it on our website: OrderCustomPaper.com

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