The Italian Antitrust Authority launches a cartel investigation against the main auction houses (Case d’Asta)

The Italian Antitrust Authority (hereinafter, also “IAA”) recently launched an investigation against the main Italian auction houses, which are suspected of having colluded on prices and other trading conditions in violation of Article 81 EC and/or of Article 2 of the Italian Law 287/90, the corresponding national provision. Parties of the investigation Investigations started after a report sent to the Authority by Guardia di Finanza, the national body of police officers mainly responsible for prevention and suppression of economic-financial violations, and concerned possible collusion between the Italian subsidiaries of Christie's (Christie's International S.A.) and Sotheby's (Sotheby's Italia s.r.l. ), the two worldwide most prestigious companies operating in the market of auction

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Valerio Torti, Gennaro D'Andria, The Italian Antitrust Authority launches a cartel investigation against the main auction houses (Case d’Asta), 2 October 2008, e-Competitions October 2008, Art. N° 22897

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