The Story Behind the Sotheby's Story

The company's proxy filing tells us some details about how the Drahi deal came together.

Now we know a great deal more about how the Sotheby’s deal came together. But the more we know, the more it raises other interesting questions. According to Sotheby’s SEC filing late last week, we now know how the deal between Patrick Drahi and Sotheby’s came together, how the price was determined and what the likelihood is of a late play from another b…