Observer’s 2025 Art Power Index: The Art Market’s Most Influential People
Their acquisitions, affinities and approbations move the needle on valuation and redefine how art is made, shown and sold.
Patrick Drahi
Patrick Drahi, born in 1963 in Casablanca, Morocco, is the reclusive telecom tycoon with a penchant for hostile takeovers and a knack for dodging the limelight. As the founder of Altice, Drahi built his empire on aggressive acquisitions, snapping up companies like SFR and Cablevision while racking up mountains of debt—enough to give even Wall Street a nosebleed. Known for his sharp business instincts and cost-cutting measures that make Scrooge look generous, Drahi has also faced scrutiny for his tax residency in Switzerland, sparking controversies that haven’t dented his appetite for deals. Drahi remains a formidable, if enigmatic, figure in global media.
News About Patrick Drahi
What’s Ahead for the Art Auction Market in 2025
In a landscape of ongoing adjustment, the major houses face the challenge of setting cautious estimates and carefully negotiating with buyers and sellers.
An Abu Dhabi-Based Sovereign Wealth Fund Is Investing $1 Billion in Sotheby’s
In a moment in which the art market has arguably reached a new low globally, this news is reason to be optimistic.
