Posts Tagged ‘ Richard McGuire ’

Tobias Meyer, formerly of Sotheby's, selling Andy Warhol's 'Liz' for more than US$20m in November 2013.

Sotheby’s pay the price for having investors with short-term horizons

Feb 5th, 2014 | By

Sotheby’s caved in to pressure from short-term investors last week by announcing it would pay shareholders a US$300m dividend in March and that it might sell its New York and London offices. ┬áSotheby’s intended to use its cash position to grow into a diversified conglomerate holding positions in art and real estate. ┬áThe cash allowed
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