Sotheby's snapped up by French tycoon Drahi for $3.7 billion
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PARIS/BOSTON (Reuters) - Franco-Israeli cable magnate Patrick Drahi made a surprise move into the art world by snapping up Sotheby's in a deal worth $3.7 billion (£2.9 billion), marking the art auction house's return to private ownership after 31 years.The acquisition allows Drahi to join French billionaire Francois Pinault - who owns Sotheby's main rival Christie's - at the top of the art world and New York society.Drahi joins an exclusive club of French billionaires active in the global art..