Sotheby’s snapped up by French tycoon Drahi for $3.7 billion

FILE PHOTO: A woman stands in front of Andy Warhol's "Superman" at a pre-auction viewing at Sotheby's in Los Angeles, California March 25, 2015. REUTERS/Lucy Nicholson/File Photo

PARIS/BOSTON (Reuters) – Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby’s in a deal worth $3.7 billion, marking the art auction house’s return to private ownership after 31 years. The acquisition allows Drahi to join French billionaire Francois Pinault – who owns Sotheby’s main rival Christie’s […]

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