Investors in Sotheby's should vote for two of the three board nominees proposed by the activist investor Daniel S. Loeb, the ISS firm said. NYT.» Read More
Activist investor Daniel Loeb on Monday said Sotheby's current board has failed and that its attacks on him are "false" and "misleading."
With a little help from Francis Bacon, global art market sales last year rose to a record $64 billion, Sotheby's says.
The battle between the storied auction house Sotheby and activist investor Dan Loeb is growing more contentious.
A rare Ming Dynasty cup dubbed the "Chicken cup" was sold to a collector for $36 million. It sets a new world record for Chinese porcelain.
Activist investor Dan Loeb said Sotheby's stock slide is the result of what he called "failed leadership by the board of directors."
Hedge funder Jim Chanos sees a speculative bubble forming in the art market. And he said the best way to hedge is to short the stock of Sotheby's.
Short-seller Jim Chanos tells CNBC that investors should watch the stock price of this company for proof of a speculative bubble.
Some of the names on the move ahead of the open.
A rare One-Cent Magenta postage stamp printed in British Guiana in 1856, and most recently owned by the estate of a DuPont chemical company heir convicted of murder, is expected to fetch a record price.
Activist investor Daniel Loeb's Third Point has filed suit over auction house Sotheby's poison pill.
Sotheby's said that it rejected the three board candidates of its largest shareholder, Third Point, and named two new director candidates of its own.
Sotheby's said it acquired the "Pink Star" diamond, which had fetched a world-record price in November, after its buyer couldn't pay and defaulted.
Companies in the news after Thursday's bell:
Some of Thursday's midday movers:
Dan Loeb's Third Point hedge fund is stepping up its fight with Sotheby's, nominating three people to the auctioneer's board of directors.
Yellen testifies before the Senate Banking Committee Thursday and if she decides to stop using the weather as an excuse for a down economy, watch out.
The latest cold blast is likely to add to the murky economic picture, which is already making it difficult for stocks to advance.
This is Talking Squawk, the official "Squawk Box" blog, providing tidbits, insights and sarcastic reflections.
Art often imitates stocks—at least when it comes to prices. But so far this year, stock markets are down and art is up.
Some of Wednesday's midday movers: