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Inside Art Basel & Sotheby’s Latest Shakeup

The Powers That Be: Daily

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Financial Turbulence and Strategic Investments at Sotheby's

This chapter examines Sotheby's financial difficulties under Patrick Drahi's ownership, focusing on its debt and layoffs. It also discusses the recent investment from the Abu Dhabi Sovereign Wealth Fund, which helped reduce debt and improve key properties, amidst a challenging art market.

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