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Sotheby's made strong case to reject Loeb's slate

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With less than a month to go until Sotheby's crucial annual shareholder's meeting in New York City, the battle between the storied auction house and activist investor Dan Loeb is growing more contentious.

Sotheby's Art Auction Sets $375m Record

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Sotheby's staged the biggest auction in its 268-year history on Tuesday, led by a $75 million Mark Rothko and a record-setting $40 million work by Jackson Pollock at its post-war and contemporary art sale.

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