Posts Tagged ‘ Marcato Capital ’

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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Tad Smith, New President and Chief Executive of Sotheby's.

The suits take over Sotheby’s

Mar 23rd, 2015 | By

Sotheby’s have revealed their new President is Tad Smith, the former head of Madison Square Gardens.  Mr Smith acknowledges he knows nothing about art or the art world but apparently likes Ai Weiwei and Damien Hirst (which confirms he knows nothing about art).  He said he recently bought a photograph of a floating ballet dancer
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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.  Sotheby’s intended to use its cash position to grow into a diversified conglomerate holding positions in art and real estate.  The cash allowed
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