If the transaction is approved by shareholders, the auction house would return to private ownership after 31 years as a public company. Sotheby’s, the 275-year-old auction house, has been acquired by bidfair usa, a company wholly owned by french-israeli collector and entrepreneur patrick drahi—and he is planning to take the publicly traded company private. The deal, according to the new york times, is worth $ 3. · sotheby ’ s announced on monday an agreement to be acquired by french billionaire patrick drahi. · after 31 years as a public company, sotheby ’ s auction house has made a deal to be taken private by art collector and telecommunications entrepreneur patrick drahi. · paris- patrick drahi, the billionaire behind telecoms and media group altice, agreed on monday to buy historic art auction house sotheby’s in a deal worth $3. 7 billion on an enterprise value. · one of the art world’s biggest businesses has a new owner. 7 billion , marking the art. · when patrick drahi, a fifty-five-year-old french israeli telecommunications billionaire , agreed to buy sotheby ’ s , one of the world’s two great auction houses, early in the summer of 2019. · french-israeli telecom 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. · paris/boston (reuters) - franco-israeli cable magnate patrick drahi made a surprise move into the art world by snapping up sotheby s in a deal worth $ 3.
