Celebrated auction house fails to sell itself Christie's says `no sale' after end of talks with Swiss-led suitors

From: The Milwaukee Journal Sentinel | Date: February 22, 1998| Author: CAROL VOGEL | Copyright information

Christie's, the London-based auction house, put itself on the auction block in December, but after two months of intense negotiations, it did not attract a bid high enough to accept.

Last week, Christie's announced that talks with a consortium led by the Swiss-owned investment firm SBC Warburg Dillon Read about a possible takeover had ended, despite fierce denials earlier last week and statements that talks were continuing.

Since Dec. 10, when Christie's announced that it was c...

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