Royal Caribbean to scale back art auctions on cruise ships
By USA Today
Royal Caribbean is dropping the company that runs its on-board art auctions, Park West, and may eliminate art auctions entirely from its ships...
Goldstein [Royal Caribbean CEO] did not say why Royal Caribbean is dropping Park West, which dominates the business of art auctions on cruise ships, but the decision comes as the auctioneer faces a number of complaints over its practices.
Just last month, Park West took a $500,000 hit in a legal brawl with a Web site that said the auctioneer sells overpriced, forged and fraudulent artwork... read more