Abu Dhabi Will Acquire a Minority Stake in Sotheby’s Auction House
The Emirates’ sovereign wealth fund has signed a definitive agreement to acquire a minority stake in Sotheby’s for $1 billion, as the auction house seeks to strengthen its balance sheet amid a contracting art market.
The Emirates’ sovereign wealth fund has signed a definitive agreement to acquire a minority stake in Sotheby’s for $1 billion, as the auction house seeks to strengthen its balance sheet amid a contracting art market.
