Patrick Drahi (centre) pretends to hit himself on the head with a mallet during the initial public offering of his telecommunications company on the New York Stock Exchange. He has offered to buy auctioneer Sotheby’s in a US$3.7 billion deal that would see its shares delisted from the exchange. Photo: EPA-EFE

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

  • Being private would free auction house from sales and revenue disclosures, allowing it more flexibility to accommodate clients’ wishes, say collector and dealer
  • Chen Dongsheng, owner of auction house China Guardian and the biggest single Sotheby’s shareholder, is silent on Frenchman’s US$3.7 billion offer for company
Topic |   Auctions

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Patrick Drahi (centre) pretends to hit himself on the head with a mallet during the initial public offering of his telecommunications company on the New York Stock Exchange. He has offered to buy auctioneer Sotheby’s in a US$3.7 billion deal that would see its shares delisted from the exchange. Photo: EPA-EFE
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