Third Point Investor Presentation at Sotheby’s Outlines Flaws, Opportunities for Company

April 15th, 2014

Daniel Loeb, via WSJIn a recent investor presentation, Daniel Loeb outlined his five point plan for bringing Sotheby’s back to profitability, pushing his case for allowing Third Point a more vocal position in the company’s proceedings.  Loeb’s plan includes action points on curated auctions and private sales, attacks on the company’s planning on its S|2 Gallery, and inquiries into how to utilize the auction spaces during downtime.  Read Third Point’s Investor Presentation