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.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Save me a cookie
  • Note: A CRLF will be replaced by a break tag (<br>), all other allowable HTML will remain intact
  • Allowed HTML Tags: <b> <i> <a> <em> <br> <strong> <blockquote> <hr> <tt>
Follow Techdirt
Insider Shop - Show Your Support!

Hide this ad »
Essential Reading
Techdirt Deals
Techdirt Insider Chat
Hide this ad »
Recent Stories
Hide this ad »


Email This

This feature is only available to registered users. Register or sign in to use it.