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SOURCE Otabek Teshabekov
Author Otabek Teshabekov to Reveal Price Fixing and Fraudulent Practices by Christie's Auction House
DUBAI, United Arab Emirates, Sept. 5, 2013 /PRNewswire/ -- In 1998, the U.S. Department of Justice, responding to numerous complaints from Europe and the United States, launched an investigation of Christie's Auction House. In 2003, the company was found guilty of price fixing and defrauding art sellers out of millions of dollars in commissions. The corporation faced a European Union Inquiry and dozens of class action lawsuits, which were eventually settled at a cost of $256 million for the firm.
In an explosive new text, titled "Christie's Unmasked", author Otabek Teshabekov addresses these continuing abuses and shares his terrifying adventure after clashing with Christie's over a mysteriously low appraisal of a 19th Century Persian Tabriz silk rug. With exciting twists and turns, Mafioso run-ins and colorful language, Teshabekov unveils the oppression and abuse that Christie's Auction house enforces in order to keep control of nearly 90% of the global fine art market with one other company.
"Professional art dealers and individuals alike are duped and cheated out of unknown millions by these kinds of practices, and have no way of knowing until it is too late," says Teshabekov. "After originally receiving a $10,000 appraisal from Christies but a $480,000-$580,000 estimate from an independent firm specializing in the kind of rug I own, specifically, I became suspicious. I never imagined the extent of corruption I would encounter or the multi-national experience I would have unraveling the reasons behind it."
Teshabekov's book will be released in late August 2013 will be available as an E-book through various online retailers.
"Christie's Unmasked: How I Survived Murderers, the Mafia and a Multinational Conspiracy Over a Carpet"
By Otabek Teshabekov
Length: 326 pages
About the author:
Otabek Teshabekov was born in Uzbekistan Tashkent on August 10, 1972. He graduated from the Economic University of Uzbekistan in 2005 and is an experienced businessman in antique sales and industry matters.
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