Deals
French Billionaire Drahi Weighs IPO of Sotheby’s Auction House
- Telecom mogul speaks to advisers about U.S. listing in 2022
- Auction house has seen strong online sales during pandemic
The Sotheby's headquarters in New York.
Photographer: Drew Angerer/Getty Images
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French telecom billionaire Patrick Drahi is weighing an initial public offering of Sotheby’s, a little over two years after he bought the storied auction house, people with knowledge of the matter said.
Drahi has held preliminary discussions with potential advisers about a U.S. listing of Sotheby’s as soon as next year, the people said, asking not to be identified because the information is private.