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…)

Following the reception of Stefan Simchowitz’s profile in the New York Times, Jerry Saltz has taken to the New York Magazine website, publishing a considered analysis of both the article and the art world’s response to Simchowitz’s aggressive approach, noting the conditions that may generate such mixed feelings on the collector.  “More and more artists now appear resigned to a cynicism that basically says, ‘The whole art world sucks; Simchowitz doesn’t suck anymore than anything else.'” He writes. “Many now see Simchowitz as an outlaw/do-gooder ‘disrupter’ invading the closed domain of the bad gallery world and spreading the wealth around.” (more…)