Hedge Fund’s Bid for Sotheby’s Shares
Tuesday, June 23, 2009 : PermalinkBarron – Shares of auctioneer Sotheby’s have rebounded on hopes for a recovery in the art market, although the economic picture is still difficult to frame. However, although investors have bid up the shares in recent months, the stock still has new buyers.
On June 18 Atticus Capital disclosed that it now owns 3.6 million shares, or a 5.4% stake in Sotheby’s. At the end of the first quarter, the hedge fund showed no holdings in the company.
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6-million, art market, atticus capital, auctioneer, barron, first quarter, hedge fund, investors, sotheby s, stake, stock
