Sotheby’s Working with Taikang Life to Find “Mutually Acceptable” Independent Director for Board Seat

September 12th, 2016

Sotheby's Auction, via CNBCThe Art Market Monitor reads into a recent SEC filing by Sotheby’s, and notes that Taikang Life, which recently purchased a sizable portion of Sotheby’s stock, will work with the auction house to find a “mutually acceptable” independent director to fill the seat on its board requested by the Chinese corporation.  “We welcome Taikang’s investment in Sotheby’s and are optimistic about its support for our strategic initiatives,” Sotheby’s said in a statement.

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