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Inside Sotheby’s $500 Million Bet on Restoring Image of Ex-Chairman

October 27, 2015

Robin Pogrebin’s take on the upcoming sale of the A. Alfred Taubman’s collection.  The festivities will start next week and then we might get an indication of the health of the upper end of the art market.  I say “might” because there is a $500M guarantee and we have no idea how many third party guarantors are involved.  Remember that a work guaranteed by the third party is, for all intents and purposes, already sold.  In fact, if the seller’s collection is fully guaranteed, then in reality all the works are already sold.

 

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Taubman Collection

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