Sotheby’s S.E.C. Records Confirm Taubman Sale Guarantee
The company has confirmed that it has guaranteed roughly the full $ 500 million it expects to take in from its sale of the art collection of A. Alfred Taubman, its former chairman who died in April.
For Now, Taubman Sale Means No Gift for Detroit Museum
The Detroit Institute of Arts is not a named beneficiary in the will of A. Alfred Taubman, a former owner of Sotheby’s who helped shape the museum, but it may benefit from his private foundation in coming years.