Sotheby’s Layoff Saga

The Powers That Be: Daily

Marion Maneker joins Peter to walk through the latest drama at Sotheby’s, with the auction house revealing nearly 100 layoffs in New York and possibly more to come across the globe. He also takes a close look at the relationship between Sotheby’s C.E.O. Charles Stewart and billionaire owner Patrick Drahi—and how their cost-cutting will impact buyers on a practical level.

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