Sold! Auction House Sotheby’s Sells for $3.7 Billion to Telecom Billionaire

Art auction house Sotheby’s will be taken private by billionaire Patrick Drahi-owned company BidFair USA at a high premium, the company announced Monday. Drahi, a long-time media titan and avid art collector, will take Sotheby’s private after 31 years on the market as a public company at a $3.7 billion price tag. “Sotheby’s is one […]