Sotheby’s to Sell Artworks on Ebay After Dan Loeb Criticism
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Sotheby’s, the auction house that put activist investor Dan Loeb on the board after he battled with management over performance and strategy, entered into a partnership with Ebay Inc. to sell artworks online.
The companies are building a platform for collectors and first-time buyers to browse and purchase collectibles including art, jewelry and fine wine, according to a statement today. Ebay and Sotheby’s will start by offering a number of live auctions taking place at New York-based Sotheby’s, and will offer 18 collecting categories.