BidFair USA buys Sotheby's auction for $3 700 000 000
ARTinvestment.RU   17 июня 2019

The company owns Telecom USA BidFair-магнат and collector Patrick Gray (Patrick Drahi). Sotheby's of joint-stock company is converted to private, its shares will cease to sell new-йоркской stock exchange

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media Mogul Patrick Gray bought Sotheby's for $3 700 000 000. Photo - wikipedia.org

the Publication of ARTinvestment_RU (@artinvestment_ru)

the Buyer will pay 61% more than the cost shares of Sotheby's on the exchange as of 14 June 2019. All required formalities will be completed in the fourth quarter of 2019.

Patrick Gray (Patrick Drahi) 55. He graduated from French Ecole Polytechnique and the Ecole Nationale Supérieure de Télécommunications, majoring in associated with optics and electronics. He started his career in Phillips, worked marketing. Then founded his own company, which provided services to cable access (TV, Internet). Later he made a series of successful acquisitions, bought cable operators from different regions. Today, one of its main assets of telecommunications holding company Altice. This company serves 30 million customers in Europe (Portugal, France, Israel) and 5 million customers in the United States. Patrick Gray – philanthropist and collector, a longtime client of Sotheby's. Wikipedia calls it Franco-израильским businessman with the nationality of France, Portugal and Israel. He was born in Morocco, lives in Switzerland. His personal fortune is estimated at nearly $8 billion.

Despite the well-deserved reputation of one of the two main world auctions and multimillion-dollar deals, "Sotheby's" often suffered losses and sometimes even conducted mass layoffs. Today, the auction solves the major challenge of adapting to the digital age. Carry out difficult reforms should better without pressure from shareholders. Perhaps a private owner will cope with this task efficiently.

Sources: rbc.ru, sothebys.com



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