Buys Into Sotheby's

from the upscale dept announced today that they were investing $45 million in Sotheby’s, the big time auction house. This is a definite competitive move to eBay and their purchases of Butterfield and Butterfield as well as the rare car auction house Klaus. It will be interesting to see how this works out. It’s probably good for Sotheby’s as they’ll get a better web site than they were planning, but it still seems strange.

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