I have no idea how this will play out, but note that Sotheby's is still in business and made a profit of $171.4 million. Which is to say, exclusivity can pay pretty well, especially if they manage to keep money that would usually go to recruiters' fees for themselves.
This is the truth but —to continue the analogy— ebay profits are double that... every month.
It is definitely a choice and differentiation is much, much easier when you're snobby about your merchandise but are they going to have enough product to sell to keep the doors open indefinitely? Are there really that many A* candidates in major tech firms and positions that want to move job?
