Patrick Drahi's BidFair earlier this week reached an agreement to acquire Sotheby's for $3.7 billion, but it seems the bidding war is not over yet.
According to the New York Post, “deep-pocketed art aficionados” are forming to put together a superior bid for Sotheby’s. The Post said a number of insiders speculate prolific art collectors on Wall Street such as Ken Griffin, Steve Cohen and Stephen Schwarzman could be involved.
Sotheby’s shares were trading higher by 1.8% at $57.56 on Friday afternoon.
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Photo credit: Sothebys1744, Wikimedia
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