Deal to take Sotheby’s private will throw handy cloak of secrecy over sales, earnings, China art players say

//Deal to take Sotheby’s private will throw handy cloak of secrecy over sales, earnings, China art players say

Deal to take Sotheby’s private will throw handy cloak of secrecy over sales, earnings, China art players say

Art collectors and dealers in China reacted positively on Tuesday to news of French-Israeli telecoms billionaire Patrick Drahi’s offer to buy auctioneer Sotheby’s, which would see it become a privately held company for the first time in more than 30 years.Chen Dongsheng, the Chinese businessman who owns the biggest single stake in Sotheby’s through his Taikang Insurance company, has yet to comment on Drahi’s US$3.7 billion deal to privatise the 275-year-old auction house.“For me, the art…

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By | 2019-06-18T11:01:16+00:00 June 18th, 2019|Entertainment|Comments Off on Deal to take Sotheby’s private will throw handy cloak of secrecy over sales, earnings, China art players say