Saatchi Being Investigated For “Monopolizing” The Art Market

Collector/gallery owner Charles Saatchi is being investigated by the Office of Fair Trading (OFT) for allegedly monopolising the art market. “Charles Thomson, a gallery owner who has made it his mission to burst the BritArt bubble, has now taken the extraordinary step of submitting a formal complaint to the OFT. He claims that Mr Saatchi’s pre-eminent commercial position as the key patron of dozens of young artists is monopolistic and anti-competitive.”