Abu Dhabi’s sovereign wealth fund ADQ announced yesterday that it has made approximately a $1 billion investment into Sotheby’s as the auction house continues to work toward improved financial structure and the expansion of potential markets. The deal, which closed in late October, also incorporates further financing from Patrick Drahi, who is Sotheby’s majority owner. … Continue reading Sotheby’s Secures $1 Billion Investment to Strengthen Market Position and Expand Presence