Bloomberg has a piece on Patrick Drahi and his purchase of Sotheby’s, speculating on how his strategies with previous takeovers might shake out at the auction house. “It’s obvious that you don’t manage an auction house the way you manage a telecom carrier,” says Frederic Ichay a technology lawyer. “Auction houses typically take years to establish long-lasting bonds with families that have art works to sell and families that could be buyers. That’s the heart of the business.”
Read more at Bloomberg
