Christie's set to become a French-owned company

Article Abstract:

Christie's, a venerable auction house based in the United Kingdom, is set to be purchased for more than $800 million by Francois Pinault, a self-made billionaire and the president of holding firm Artemis of France. The planned sale of Christie's necessitates the endorsement of the deal by stockholders and is projected to take several months. Pinault expressed his delight in the planned increase of the stake of Artemis at Christie's, noting that 232-year-old auction house has huge business potential due to the continuously-growing international art trade.

Comment:

Is set to purchase Christie's for more than $800 million

Acquisitions & mergers, Foreign operations, France, Company Planning/Goals, Offices of Bank Holding Companies, Investment Holding Companies, Christie's International PLC, Artemis S.A., Article

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Fine-wine auction-goers seemingly undeterred by shaky financial climate

Article Abstract:

Wine auctions at Zachy's-Christie's and Aulden Cellars-Sotheby's in New York, and Christie's, and Sotheby's in London are described. Certain wines sold at high prices, while others waited their turn.

Commodity & service prices, Wines, brandy, and brandy spirits, Wineries, Wine, Statistical Data Included, Prices and rates, Wine industry

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Wine.com liquidation auction exceeds face value for rarities: Although many fine-wine lots sold for well below the aggressive estimates, the prices were still above average

Article Abstract:

The Wine.com asset liquidation conducted by AuctioNet auctioned off many fine wines. Wines sold for less than their estimated auction values, but still above market values.

Telegraph & other communications, Video Retailing Service, All Other Information Services, Wine and distilled beverages, Wine & Liquor Whsle, Wine and Distilled Alcoholic Beverage Wholesalers, Mergers, acquisitions and divestments, Online services, Internet services, Alcoholic beverage industry, Wholesale industry, Wholesale trade, Home shopping, Wine.com Inc., AuctionNet

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