Loeb nominates three directors to Sotheby's board, including himself

|About: Sotheby's (BID)|By:, SA News Editor

Dan Loeb is officially waging a proxy fight against Sotheby's (BID -1%): The activist investor has nominated himself to the auction house's board, along with restructuring expert Harry Wilson (a veteran of Loeb's Yahoo campaign) and ex-banker Olivier Reza.

Sotheby's, under pressure from Loeb's Third Point and other activist firms, announced a special dividend and $150M buyback last month. Prior to that, the company adopted a poison pill.