French-Israeli telecoms and media mogul Patrick Drahi is acquiring Sotheby's auction house, one of the world's biggest art brokers, in a $3.7 billion deal, the British-founded company announced Monday.
Image: French Billionaire Drahi, photo courtesy to Bloomberg
French-Israeli telecoms and media mogul Patrick Drahi is acquiring Sotheby's auction house, one of the world's biggest art brokers, in a $3.7 billion deal, the British-founded company announced Monday.
French Billionaire Drahi, photo courtesy to Bloomberg
Drahi, the billionaire head of the Altice empire which owns Virgin Mobile and several French media houses including BFM news channel and Liberation newspaper, is paying $57 per share to acquire Sotheby's through his company BidFair USA, the art house said.
The deal sees Sotheby's return to private ownership after 31 years as a publicly traded company on the New York Stock Exchange.
Anna Melnykova, "Palace of Labor (palats praci), architector I. Pretro, 1916", shot with analog Canon camera, 35 mm Fuji film in March 2022.
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