Art Market Monitor

Global Coverage ~ Unique Analysis

  • AMMpro
  • AMM Fantasy Collecting Game
  • Podcast
  • Contact Us

Ariel’s John Rogers Takes Sotheby’s Profit

November 21, 2013 by Marion Maneker

 

john_rogersJohn Rogers’s Ariel Investments has been at various times the largest shareholder in Sotheby’s. But the dramatic rise in price brought on by activist interest and a booming market has caused him to sell some of his stake, according to NASDAQ:

As of Sept. 30, 2013, John Rogers reduced his position by 29.32%, unloading 917,170 shares at an average price of $44.52 per share, for a gain of 17.8%.

The current share price is around $51.93, with a change from average up 17%.

Over a remarkable five-year history, John Rogers gained 104% on 3,689,083 shares bought at an average price of $25.67 per share. Selling 8,289,427 shares at an average price of $25.14 per share, he made a gain of 109%.

Ariel Capital’s John Rogers Trims Sotheby’s, DeVry, Hospira, IPG, Others (NASDAQ)

More from Art Market Monitor

  • Modigliani Catalogues Raisonné War Hots UpModigliani Catalogues Raisonné War Hots Up
  • Inheritance vs. Art HistoryInheritance vs. Art History
  • Sotheby’s Opening New Hong Kong Offices Sotheby’s Opening New Hong Kong Offices
  • Phillips Announces $12m Miró Painting for NovemberPhillips Announces $12m Miró Painting for November
  • Double Standard on Naked PlinthersDouble Standard on Naked Plinthers
  • Vernissage TV: Nora SchulzVernissage TV: Nora Schulz

Filed Under: General

About Marion Maneker

Want to get Art Market Monitor‘s posts sent to you in our email? Sign up below by clicking on the Subscribe button.

Top Posts

  • Keith Haring’s 1989 Retrospect Comes to Sotheby’s London Prints Sale
  • Lost Lempicka Discovered at Sotheby's
  • $10 M. Picasso Portrait Unseen for Decades to Sell at Bonhams
  • Vienna Secession Painting, Long Thought to Be Lost, Sets a Record at Auction
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • Collection of Texas Heiress Anne Marion Expected to Fetch $150 M. at Sotheby’s
  • Tony Podesta's Secret Art Buying
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Selection Bias In Art Is What Creates Value
  • About Us/ Contact
  • Podcast
  • AMMpro
  • Newsletter
  • FAQ

twitterfacebooksoundcloud
Privacy Policy
Terms & Conditions
California Privacy Rights
Do Not Sell My Personal Information
Advertise on Art Market Monitor