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Sotheby's sold to billionaire art collector Patrick Drahi for $3.7 billion - AllAbout
New York (CNN Business)Telecom billionaire and art collector Patrick Drahi has emerged as the winning bidder for Sotheby’s, the 275-year-old auction house. After the deal closes, Sotheby’s will be owned by Drahi’s BidFair USA. Drahi, a billionaire entrepreneur and art collector, has built a fortune that Forbes estimates at more than $9 billion. “Sotheby’s is one of the most elegant and aspirational brands in the world,” Drahi said in a statement, adding that he is a longtime client and admirer of the company. Sotheby’s was founded in London in 1744 and today it has 80 offices around the world, with its headquarters in New York. Drahi expressed “full confidence” in Sotheby’s management and said he has no plans to change …