Chinese life insurance company takes stake in Sotheby’s

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Chinese life insurance company takes stake in Sotheby’s

Chinese life insurance company takes stake in Sotheby’s

Taikang Life, one of China’s biggest life insurers, has become the single largest shareholder of Sotheby’s, the auction house, by acquiring a 13.5 percent stake. According to a regulatory filing on Wednesday, Taikang owns Sotheby’s shares worth around $233 million, ahead of other top investors including Third Point, BlackRock and Point 72 Asset Management. Sotheby’s has…

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