In a recent segment, BloombergTV reviews the current state of Sotheby’s, examining the auction house’s current issues with activist investors Daniel Loeb and others, who have together taken a 15% stake in the company. Â Emphasizing Sotheby’s position in the market, and its sole rival, Christie’s, the segment goes on to detail the house’s “untapped pockets of value.” Â “It’s widely expected that they (investors) will focus on the brand, the real estate story, the balance sheet. Â What’s not clear is whether they will agree.” Â Says Bloomberg’s Su Keenan.
Watch the video at BloombergTV
