Seeking Alpha

Third Point counters Sotheby's claims

  • Third Point takes dead aim at some of the claims made last week by Sotheby's (BID) in a new filing with the SEC.
  • Daniel Loeb pointed out in the brief that management's stance that 2013 was a "record" year for the company is misleading. Slumping profits and falling revenue at Sotheby's during the period back his claims rather neatly.
  • He also took exception to the statement that his experience in the art world is lacking.
  • SEC Form 14A
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