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...Various members of Qatar’s ruling family have become some of the world’s most active art collectors — and sought-after clients for auction houses....
...The South Korean semiconductor companies typically bundle used equipment into packages before selling them to dealers who put them up for sale at auctions....
...probing the company for the same reasons, according to a person close to the auction....
...holes than Swiss cheese, the company could keep hold of billions of dollars from recent asset sales without giving lenders a dime....
...Commissions as a percentage of sales at Sotheby’s have accordingly been hit, judging from public accounts to 2020 and subsequent Luxembourg filings by BidFair, the parent company for all Sotheby’s businesses...
...On the rise are artist agencies, which act more like sports management companies rather than as partners, who share in the upside — and sometimes downside — of their wards....
...Rybolovlev — the owner of the AS Monaco football club, who amassed a fortune worth more than $7bn through the sale of his fertiliser company — was a constant presence in the courtroom, testifying and following...
...Testimony in a legal battle between a Russian billionaire and Sotheby’s, one of the world’s most prestigious auction houses, has pulled back the curtain on the opaque world of how the world’s most expensive...
...through Christie’s in 2017 for $450mn, shattering auction records....
...to the company’s business needs”....
...Selling art to Bouvier was in the company’s interests, it has argued, claiming it had no idea he planned to quickly flip the works for millions of dollars more than what he paid....
...US Steel shareholders will receive a takeover price more than double the company’s trading value prior to an auction launched this summer. However, closing the deal may prove tricky....
...“The fact that Ms McDaniel is on the payroll at NBC News, to me that is inexplicable, and I hope they will reverse their decision,” she said....
...The share price rose before tailing off at the end of the day: A price of $60 implies equity value of $12bn, for a company with current revenues of just a few million....
...While the MS report acknowledges that the sheer size and power of these firms means that this time could be different, I’m inclined to think that we are headed sooner rather than later to a pretty big correction...
...Its value depends on how costly and perishable the cargo is and an auction discriminates efficiently and openly....
...The actual cost of the party was just £400,000, Azar told the Financial Times. Sotheby’s Real Estate was spun off from the auction house — the venue for Azar’s launch party — in 1976....
...Auctions for bandwidth hit a record in 2021 when Verizon bid more than $45bn. Yet many smartphone customers struggle to notice any difference....
...Hertz’s majority owners, two little-known private equity firms called Knighthead Capital and Certares, had made two bold bets after their $2bn equity investment won the auction to bring Hertz out of bankruptcy...
...TikTok’s former global marketing head Katie Puris has accused the company of unlawfully firing her because some company executives, including the chair of its Chinese parent company ByteDance, believed she...
...This includes a new design section of seven studios, such as Mumbai’s Atelier Ashiesh Shah and the specialist wallpaper and fabrics company de Gournay....
...Jonathan Kanter, head of the Department of Justice’s antitrust unit since November 2021, has made no secret of his ambition to bring cases against the biggest US companies....
...In a recent building auction she was running, she recalled, she kept a cast of mostly male billionaires and big developers cooling their heels....
...A lawsuit launched by Rybolovlev against Sotheby’s, the auction house, is not part of the settlement....
...It’s a huge price for a company that was trading at half the buyout value prior to the auction and bidding war that kicked off in late summer....
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