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In A Surprise Move, Sotheby’s Picks A New CEO
![](https://i1.wp.com/www.artsjournal.com/newsside/wp-content/uploads/2019/10/2019.10.28-10_07_33.jpg?resize=90%2C90&ssl=1)
In June, Patrick Drahi, a French-Israeli telecommunications billionaire, took Sotheby’s private in a deal worth $3.7 billion. The purchase, by Mr. Drahi’s BidFair USA, returned the only publicly traded major auction house to private ownership after 31 years on the New York Stock Exchange. – The New York Times