|
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 1997 The Washington Post. This material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post.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...
Related newspaper, magazine, and journal articles from HighBeam Research
|
Christie's Suit Settled;Auction House Reaches Out-of-Court Agreement
The Washington Post
; ... settlement. All charges were withdrawn against me. Thank God this rather long chapter is over. The case is closed. That is the best news for me." One of the jurors, Clarice Faneuil, said after the settlement was announced by Justice Robert E. White, "I would have ...
|
|
Celebrated auction house fails to sell itself Christie's says `no sale' after end of talks with Swiss-led suitors
The Milwaukee Journal Sentinel
; 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
|
|
Leading international auction house establishes operations in DMCC
Al Bawaba
; Christie's, the world's leading auction house, recently established operations at Dubai Metals and Commodities Centre (DMCC), becoming the first international auction house to open an office in the Gulf region. Ahmed bin Sulayem, Chief Operating Officer, DMCC said, "We are delighted to welcome
|
|
OWNERSHIP of the Sotheby's auction house is likely to change after last week's conviction of its former chairman, Alfred Taubman, for conspiring to fix commission rates with the firm's rival, Christie's.
Sunday Business (London, England)
; OWNERSHIP of the Sotheby's auction house is likely to change after last week's conviction of its former chairman, Alfred Taubman, for conspiring to fix commission rates with the firm's rival, Christie's. Taubman, who still has a 22.5% stake in New York-based Sotheby's, despite resigning his
|
|
Bid for the top; Auction houses; Phillips, the rising auction house.(Britain)(Disaster at Sotheby's and Christie's is excellent news for Phillips. The laggard in the auction business now looks like a contender for the world's top spot)(Brief Article)(Industry Overview)
The Economist (US)
; IN 1796, Harry Phillips, the brightest pupil of James Christie, London's top auctioneer, left his mentor to set up his own auction house. He was a wild success from the start. In 1798 he sold 25 paintings from the estate of Queen Marie Antoinette; in 1813 the pictures of the bankrupt Earl of
|