Sotheby’s strikes $100mn debt deal with KKR backed by auction fees
Borrowing facility adds another layer of debt to auction house owned by billionaire Patrick Drahi
Borrowing facility adds another layer of debt to auction house owned by billionaire Patrick Drahi

Patrick Drahi-owned auction house contends with heavy debt burden in shrinking market

Auction house posted 2025 profit as art market returned to growth

Upcoming asset sales are expected to yield as little as $200mn to pay off debt pile of more than $12bn

Blackstone and KKR among the groups preparing to take control of Colisée and inject more than €250mn

Deal with Kia Joorabchian is latest example of a large private credit firm pushing deeper into sports lending

Recent ructions highlight the case for better scrutiny of the asset class