Abu Dhabi Sovereign Wealth Fund to Acquire Stake in Sotheby’s

Abu Dhabi’s sovereign wealth fund, ADQ, has secured a deal with Sotheby’s owner, French-Israeli telecoms tycoon Patrick Drahi, for a minority stake in the auction house. The transaction is set

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Sotheby’s sees an 88% drop in core earnings, says Financial Times report

The financial challenges faced by Sotheby’s have been brought to light in a recent report by the Financial Times, revealing an 88% decrease in core earnings for the auction house

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