Mark McGuire, head of Marcato Capital, was on CNBC this week, d for the disclosure of court documents from the case between Third Point and Sotheby’s last year.  “We want to make sure that the decisions that are being made at Sotheby’s are decisions that are in the best interest of the company and the shareholders, and not being driven by other motivations that should not be factors in board level decisions,” he says.  “The litigation uncovered a significant amount of correspondence and deliberation on behalf of the board, so it’s a unique opportunity to get a real window into the logic and motivations of the board members. (more…)

The Wall Street Journal notes a growing trend towards participation in art funds, where a group of investors pool money to buy art, and split the profits from the work’s sale years later.  This method of investing dates back to 1904, when Paris-based financier André Level pooled a group of investors to buy a selection of classic works by Picasso, Matisse and others, selling them several years later at a major mark-up. (more…)