Payback time at Sotheby
I Photo Central News and Archives: "Meanwhile a different federal judge approved a $70 million settlement of a shareholder class-action lawsuit against Sotheby's related to the same scheme.
The settlement of the suit on behalf of auction buyers and sellers, which the auction houses agreed to pay last fall, includes $412 million in cash and the balance in certificates that can be used to receive discounts on future commission fees at either auction house. These discount certificates have a face value of $125 million, although a market value of only $100 million."
I got £46
The settlement of the suit on behalf of auction buyers and sellers, which the auction houses agreed to pay last fall, includes $412 million in cash and the balance in certificates that can be used to receive discounts on future commission fees at either auction house. These discount certificates have a face value of $125 million, although a market value of only $100 million."
I got £46

