Market Report: Could Sotheby's, the auction house, find itself under the hammer in the new year?

Thursday 31 December 1998 00:02 GMT

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COULD SOTHEBY'S, the auction house, find itself under the hammer in the new year? The shares, a notoriously narrow market, are signalling corporate action: they rose 155p to 1,790p, a high. In October they were down to 965p and they have climbed 535p this month.

The New York-based group, with a blue-blooded board, is headed and controlled by AA Taubman. It is renowned for its low stock market profile.

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Market Report: Could Sotheby's, the auction house, find itself under the hammer in the new year?

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