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Posted By: barrysloate

Bruce- there was a well known case of several art dealers who conspired to keep down the price of paintings in the major auction houses, and I believe they were arrested. I don't have all the details but it is illegal. If something is worth $1000 and you and I each agree it's worth that, but by arrangement we conspire to keep the price down and one of us gets it for $500, I'm pretty sure that is legally defined as fraud.