The figures man; Face value.(How Bill Ruprecht rescued Sotheby's)

From: The Economist (US) | Date: March 1, 2008 | Copyright information

Bill Ruprecht rescued Sotheby's after a price-fixing scandal. Now he faces a new test

"WE WERE looking at an abyss of uncertainty, embarrassment and debt," says Bill Ruprecht, recalling 2000 when he took over as boss of Sotheby's, one of the two leading fine-art auction houses. Sotheby's had just been accused of conspiring to fix prices with Christie's, its rival and the other member of the duopoly at the top of the art-auction world. Diana Brooks, Mr Ruprecht's predecessor, and Alfred Taubman, the retail tycoon who was Sotheby's chairman until the scandal became public, ...

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