Wealth and Asset Management
Sotheby's goes private: What it means for the art market
On Monday, June 17, 2019, to the art world's great surprise, after 31 years as a public company, Sotheby's announced that it had signed a $3.7 billion merger agreement with BidFair USA, an entity wholly owned by billionaire art collector Patrick Drahi. To shareholders' presumed delight, the deal will see…
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