Posts Tagged ‘ Jim Chanos ’

Henry Wyndham brings down the hammer at Sotheby's

Sotheby’s riding high for now… but looking vulnerable

May 21st, 2015 | By

I have written elsewhere about Sotheby’s share price being a leading indicator for the general health of the art market and indeed for the stock market in general.  See http://www.russianartdealer.com/journal/aggressive-activist-investors-shake-sothebys-spears-wms-magazine/ The following article written by James Stefurak for Seeking Alpha is an in-depth examination of Sotheby’s, its share price, and the general health of the art
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Third Point's Dan Loeb

Vigorous response from Sotheby’s on Loeb’s latest salvo

Apr 9th, 2014 | By

  On April 4th the activist investor Dan Loeb fired off another open letter to Sotheby’s shareholders calling for support for himself and two others to join the Sotheby’s board and detailing all that he believes is wrong at Sotheby’s.  He says that Sotheby’s has, “lost market share in highly profitable areas like Contemporary Art
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