Business Wars Sotheby's vs Christie's | The Point of No Return | 2
Dec 21, 2022
In this thrilling discussion, DeDe Brooks, former COO and CEO of Sotheby’s, and Christopher Davidge, current CEO of Christie’s, reveal the clandestine price-fixing scheme that rocked the art world in the '90s. They recount how both auction houses intertwined their fates to combat declining sales while navigating intense leadership pressures. The guests highlight the delicate dance of trust and rivalry as they detail secret meetings, strategic shifts, and the tension that escalated into a major legal showdown, forever changing the art auction landscape.
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Brooks' Dilemma
- DeeDee Brooks, recently promoted to COO of Sotheby's, faces a dilemma when Alfred Taubman asks her to fix commission rates with Christie's.
- Her family business is failing, adding pressure to succeed.
The First Meeting
- Christopher Davidge, known for his meticulous appearance, receives a call from DeeDee Brooks to arrange a secret meeting.
- Both express discomfort but agree to meet at the Stafford Hotel in London.
Secret Meeting at the Stafford
- Brooks and Davidge meet at the Stafford Hotel, discussing commission rates and negative press.
- Davidge meticulously documents the conversation, highlighting the risk and secrecy involved.