Sotheby’s: Bid on BID

Could the biggest sale of the November art season be Sotheby’s itself? The auctioneer’s stock has fallen by two-thirds over the past three months - and hit the $8 mark at which, mysteriously, the stock historically tends to bounce. Though many of the world’s Plutocrats are licking their wounds, a few still have enough cash to go after the ultimate trophy purchase – the auction house itself. After all, rival auction house Phillips de Pury was sold to Russian luxury goods group Mercury earlier th...