Steven Cohen’s Point72 Cuts Much of Stock Holdings in Sotheby’s

August 17th, 2016

An analysis by the Art Market Monitor finds that Steven Cohen’s Point72 Asset Management has cut its stock in Sotheby’s by two thirds, and speculates whether the Point72 sold these holdings to Taikang during its major buy of stock earlier this summer.  Point72 purchased these shares during the auction house’s price collapse in December and January, and would have made a 50% increase on their price with the sale.

Read more at Art Market Monitor