Monday, January 14, 2008

Sotheby's building dispute resolved

Sotheby's and Aby Rosen's RFR Holding Corp. have settled their dispute over the auction house's New York City headquarters. Sotheby's, which sold the building to RFR for $175 million in 2003, has agreed to buy it back for $370 million.

For background on the dispute, see here and here.