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03

Surviving the Scandal

   
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Title: Surviving the Scandal
 
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Subject: Book Reports
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Date: August 5, 2001
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Length: 5 / 1164
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His commitment to staying afloat when the art market took a dive displayed his willingness to see a problem to completion. In 1995, after a year of the pivotal meeting between the chairmen of both Auction Houses, Alfred Taubman and Sir Anthony Tennant, Sotheby’s CEO Dede Brooks and Davidge had agreed there would be no more zero commissions, and prearranged very specific non-negotiable sliding scale of percentages...
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Although, a year later, the Art market revived and the auction houses reaped higher benefits and profits without knowing the deal underneath the table. Once an antitrust investigation was beginning to pick up momentum, the wise and attentive Davidge knew he needed to protect his self interests...
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