Business Wars Sotheby's vs Christie's | The Unraveling | 3
Dec 28, 2022
In the high-stakes world of auction houses in 1996, tensions boil as Christie's and Sotheby's engage in a covert price-fixing scheme. Christopher Davidge, feeling shortchanged, finds himself amidst a federal investigation that jeopardizes their futures. A record-setting auction ignites fierce rivalry, while ethical dilemmas come to the forefront. With legal challenges intensifying, key players face betrayal and potential criminal charges. Surprisingly, both houses rebound from scandal, navigating new market trends like online auctions and NFTs.
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Davidge's Discontent
- In 1996, Christopher Davidge was upset about his bonus and performance review at Christie's.
- He felt undervalued compared to DeeDee Brooks at Sotheby's, despite their joint price-fixing scheme.
Brooks Takes the Stage
- DeeDee Brooks, CEO of Sotheby's, took over the auction of Jacqueline Kennedy Onassis's estate.
- This move sidelined other auctioneers and showcased Brooks' ambition for higher visibility.
Brooks' Demanding Style
- The Kennedy auction, while successful, revealed Brooks' demanding management style.
- She faced criticism from her staff for unrealistic demands and harsh treatment.
