Sotheby’s had to up guarantee from $350 M. to $500 M. to win Taubman Collection

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This week in New York, Sotheby’s begins its four-part sale of about 500 works from the collection of Alfred A. Taubman, the collector and former chairman of the auction house who spent ten months in prison for his role in a 2001 price-fixing scheme between Sotheby’s and its rival Christie’s. Taubman died last April.

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