Discussions Stall for Qatari Purchase of Stake in Sotheby’s as House Denies Possibility of IPO
about 13 months ago (12/08/2023)
Discussions Stall for Qatari Purchase of Stake in Sotheby’s – ARTnews.com Skip to main content By Angelica Villa Plus Icon Angelica Villa View All December 8, 2023 5:34pm The Upper East Side auction house, Sotheby's. Corbis via Getty Images Potential buyers were approached to purchase a minority stake in Sotheby’s after its French Israeli owner, Patrick Drahi, leveraged assets associated with his telecommunications conglomerative Altice, the Financial Times reported earlier this week. Since then, Sotheby’s CEO Charlie Stewart has denied that the house is considering any public offers.