In a recent segment, BloombergTV reviews the current state of Sotheby’s, examining the auction house’s current issues with activist investors Daniel Loeb and others, who have together taken a 15% stake in the company. Emphasizing Sotheby’s position in the market, and its sole rival, Christie’s, the segment goes on to detail the house’s “untapped pockets of value.” “It’s widely expected that they (investors) will focus on the brand, the real estate story, the balance sheet. What’s not clear is whether they will agree.” Says Bloomberg’s Su Keenan.
Watch the video at BloombergTV
