The Morning Brief: Marcato Backs Third Point in Sotheby’s Shake Up

Mick McGuire’s Marcato Capital Management plans to vote in favor of Third Point’s slate of director nominees for Sotheby’s board at the upcoming annual meeting, according to BloombergBusinessweek, citing a person familiar with the matter. Marcato, which owns 6.6 percent of the auctioneer, believes the company has more than $1