Sotheby’s Faces Headwinds that Could Hurt Its Investors
Third Point and Marcato are heavily invested in the auction house, but weakening demand from buyers in China and elsewhere could put further pressure on the stock, an analyst warns.
Daniel Loeb (Bloomberg)The activist hedge fund firms that have been pushing for change at Sotheby’s may have won their big boardroom battle. But they may be losing the war. Shares of the famed auctioneer stood
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