Hedge Fund Manager Alex Klabin Buys Stake in Sotheby’s
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Investor Alexander Klabin, who earlier led an unsuccessful effort to buy Sotheby’s, has acquired a minority stake in the auction house.
Klabin will be executive chairman of Sotheby’s Financial Services and will be in charge of modernizing its underwriting processes as well as improving its access to capital markets, Sotheby’s said Wednesday in a statement that didn’t include terms.