Editor
ADQ, Abu Dhabi’s sovereign wealth fund, has signed a definitive agreement to acquire a minority interest in Sotheby’s, the auction house announced. Its owner, the telecom billionaire Patrick Drahi, will also invest additional capital into the business.
Together, both investments amount to $1 billion. The bulk of the investment will come from ADQ, a Sotheby’s spokesperson confirmed. The spokesperson added that ADQ’s investment is in…
