The Side Dealers of Sotheby’s

Patrick Drahi
Drahi’s entire M.O.—as Knight’s article demonstrates—is to buy companies and strip them down to the lowest possible costs, often allowing his partners to enrich themselves with side deals. Photo: Christophe Morin/IP3/Getty Images
Marion Maneker
August 27, 2025

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I’ll be honest, I didn’t want to write this review of Sam Knight’s New Yorker article on telecom magnate and Sotheby’s owner Patrick Drahi, which was published on Monday morning. Like many of you, I spent much of Monday on the telephone with friends, acquaintances, and interested parties swapping takes on the well-researched, elegantly structured, and admirably nuanced story. And I had already spent much of last year tussling with Sotheby’s over my own reporting on the topic. I was tapped out. We’d finally come to peace terms; and I’ve been looking forward to seeing their business thrive in an auction market rebound that always seems to be just over the next horizon.

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