China's Taikang Life Insurance disclosed last Wednesday that it had become Sotheby's biggest shareholder, with a 13.52% stake.
Taikang is run by Chinese tycoon Chen Dongsheng, who helped found China Guardian Auction Co.
Chen is an established power player in the Chinese art market. He modeled his own auction company after Sotheby's.
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Original print of the U.S. Constitution headlines exhibition sponsored by Ken Griffin (who purchased it for $43.2 ...
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_-Closing-the-Distance_100x100_c.jpg "Lot 204: Bob Kuhn (1920–2007),Closing the Distance, 1977, acrylic on masonite, 24 x 48 in, Sold: $409,500")
