Shaking Up The Art World: Sotheby's Feels The Pressure Of Billionaire Hedge Funders Dan Loeb And Nelson Peltz

Auction house Sotheby's announced it is taking a hard look at its cash allocation and financial position in the face of recently revealed stakes by billionaire hedge fund managers Dan Loeb and Nelson Peltz, who along with Marcato, seem to be pushing to get the auction house to sell its real estate assets.