A Billionaire Fire Sale & Sotheby’s Debt Squeeze

Art world insider Marion Maneker dives into the turmoil at Sotheby’s, revealing how Ron Perelman, once the richest man in the U.S., is unloading $1 billion in art amid a market crash. Patrick Drahi's ownership is also in jeopardy as Emirati investors eye potential acquisition. Discussions highlight the impact of rising interest rates on the auction house's debt and creative strategies for survival. This deep exploration into the financial nuances and power plays of the art market is both enlightening and riveting!