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Chinese Company Becomes Major Shareholder in Sotheby's
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Chen Dongsheng
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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_-Laguna_-New-Mexic60x60_c.jpg "Thomas Moran (1837–1926), Laguna, New Mexico Looking from the East (1891), watercolor, gouache, and pencil on paper 9 3/8 x 12 3/8 (sight) in, Estimate: $75,000–$125,000")
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