Art Market Monitor

Global Coverage ~ Unique Analysis

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

Taikang Will Work with Sotheby’s to Find Independent Director

September 9, 2016 by Marion Maneker

taikang-on-sothebys-board-seat

Taikang and Sotheby’s have entered into an agreement to find a mutually acceptable independent director to fill the seat Taikang has requested. The quote above is from a filing with the SEC made today by Sotheby’s.

More important, to Sotheby’s, is that the agreement gets Taikang to stand still from acquiring any more stock or working with another substantial owner.

Sotheby’s released this statement late this afternoon:

Statement from Sotheby’s
We welcome Taikang’s investment in Sotheby’s and are optimistic about its support for our strategic initiatives.  We also appreciate Taikang’s assistance to recruit a highly qualified independent director from Asia and remain focused on executing outstanding results for our clients and shareholders.

More from Art Market Monitor

  • Sotheby’s Latin American Sale = $19.49mSotheby’s Latin American Sale = $19.49m
  • Christie’s Adds Dual Hong Kong-New York Relay Auction to Fall CalendarChristie’s Adds Dual Hong Kong-New York Relay Auction to Fall Calendar
  • The Smithsonian Courts Wikipedia The Smithsonian Courts Wikipedia
  • Broad Declares Victory at LA MoCABroad Declares Victory at LA MoCA
  • Wild Whitney WhispersWild Whitney Whispers
  • Picasso’s Premier Atelier For Sale €1.5mPicasso’s Premier Atelier For Sale €1.5m

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
  • Tony Podesta's Secret Art Buying
  • Roy Lichtenstein’s Top Ten Auction Prices
  • Norman Rockwell's Not Gay. But Is He a Great Artist?
  • Christie's Announces $70m Picasso Self Portrait
  • Mark Rothko, Tamara de Lempicka, Mickalene Thomas to Star in Phillips London Evening Sale
  • David Hockney's $20m Pacific Coast Highway & Santa Monica
  • How to Chant Like an Auctioneer
  • Basquiat's Last Girlfriend
  • Four of Picasso's Women Valued at $28m Come to Christie's from Rose-Walters Collection
  • 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