Patrick Drahi

Art marketanalysis

Sotheby’s new fee structure is a highwire act of risk and reward

Auction house’s bold changes that favour buyers could bolster profits—or they could backfire

Sotheby’s UK profits dropped by almost a quarter last year amid 'Brexit red tape'

An auction house spokesperson says Companies House figures do not represent full scope of business

Cache of leaked documents reveal Sotheby's owner Patrick Drahi’s $750m art collection—and his tax affairs

Billionaire businessman has amassed a treasure trove of more than 200 prime works of art, many bought through his auction house

Pensioners revolt: Patrick Drahi winds up Sotheby’s ‘defined benefit’ pension plan, and former employees are not happy

Ex-staff are now considering legal action, claiming they were not kept informed of changes to the scheme

Sotheby’s reportedly selects Goldman Sachs Group and Morgan Stanley to pursue IPO at around $5bn

The auction house, which had been publicly traded for decades before being bought by Patrick Drahi for $3.7bn in 2019, could return to public trading later this year

Sotheby’s owner Patrick Drahi reportedly considering taking auction house public

Drahi bought Sotheby’s less than three years ago, took it private and began implementing a series of cost-cutting measures

Sotheby's owner Patrick Drahi buys £2.2bn majority stake in BT

The cost-cutting French telecommunications billionaire has formed Altice UK to buy a 12.1% stake in the company

Allan Schwartzman leaves Sotheby's following restructuring under new ownership

The co-founder of Art Agency, Partners will transition to a consultant role as Nina del Rio takes the helm of the auction house's advisory services

Sotheby's new owner Patrick Drahi comes to auction house's first sale in post-Brexit Britain

“No fireworks” at last night's Impressionist, Modern and Surrealist art auction that featured three restituted works

Sotheby's replaces Tad Smith with Charles F. Stewart as chief executive

Smith leaves after four and a half years with a $28.2m severance deal, including $16.9m in shares, and will remain as a senior adviser to Stewart

Anny Shaw. with additional reporting by Anna Brady

Sotheby’s shareholders approve $3.7bn sale to telecoms tycoon Patrick Drahi

With 91% of shareholders in favour, the publicly traded auction house will officially go private after three decades on the New York Stock Exchange

Fourth Sotheby’s shareholder files lawsuit in bid to block $3.7bn sale to Patrick Drahi

Auction house says such litigation is “routine in the US”, with deal expected to be completed by the end of the year

Brexit contributes to 10% drop in sales at Sotheby’s in first half of 2019

Sale to telecoms magnate Patrick Drahi looks set to go ahead as firm makes up for a loss in revenue through increased commissions and more efficient guarantees

Two shareholders seek to block Sotheby’s purchase by BidFair

Lawsuits argue that information filed to the SEC is inadequate