The “Proudly American” Companies Which Don’t Want You Knowing They Left The USA!

Sotheby’s

What aren’t Chinese life insurance businesses fascinated by? Clearly not opulent art auctions. Sotheby’s commenced in 1744 within London. New York would become its next base of operations, prior to establishing itself in further international locations. Taikang Life Insurance Co. Ltd., a Chinese business, declared in 2016 that it would soon become Sotheby’s majority shareholder. This would be the case until Patrick Drahi, the Israeli-French tycoon who would take control in 2019 of Sotheby’s. If Taikang is still enjoying that 13.5% stake in the auction house, then it has kept that fact a secret…

Sothebys