UK Cracks Down on Auction Rings
Posted 05/1/14
Dealers and collectors may also form auction rings to try to inflate prices for an artist or a group of works by pushing bids up. “If dealers with a dominant position in a given market were found to manipulate prices, by agreement among them or otherwise, they could be held in breach of competition law,” says Pierre Valentin, an art law specialist at the firm Constantine Cannon. Read More