Christie's Said to Weigh Takeover Offer; Group Bid $820 Million for Auction House, Sources Say

From: The Washington Post | Date: December 16, 1997| Author: Sharon Walsh | Copyright information

Christie's International PLC, the British company whose auction house has had a banner year of art auctions here this year, is considering an offer from a group of outside investors to buy the business for about $820 million, sources said today.

Both Christie's and investment banker SBC Warburg Dillon Read Inc., which is putting the deal together, declined to say who is involved in the partnership.

Christie's board met late Sunday in London and decided to open negotiatio...

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