Sotheby’s Trust Problem

How will the public regain trust in auction houses Sotheby’s and Christie’s? Fines are not enough. Confidence in the auction houses won’t come until everyone who had any hand in the price-fixing scandal has departed. One problem. Former Sotheby’s chairman Alfred Taubman, currently serving a prison term in remote Minnesota, is still the company’s biggest shareholder. And he’s not likely to sell anytime soon.