Well reasoned and well written!
I agree completely. In fact I myself wrote to Bill Ruprecht several weeks ago and urged him to stand fast, and tell Daniel Loeb to sell his shares, if he didn't like the way Sothebys was being run. Dan has no long term interest or commitment to Sothebys - he's just a fast buck artist with no respect or understanding or interest in - zero - the company or its various stakeholders or its history or its future prospects. Sothebys has made a big mistake playing along with this predator.
With best regards,