Sotheby’s Seeks Talks on Possible Sale

The board of directors of Sotheby’s Holdings Inc. said it was directing its executive committee to meet “promptly” with the Taubman family to discuss the possible sale of the auction house, according to a filing with the Securities and Exchange Commission.

Alfred Taubman, the former chairman of the 257-year-old auction house, was found guilty last week of conspiring with the former head of rival auctioneer Christie’s to fix commission fees in a multimillion-dollar scam that shook the art world.

Taubman, the largest shareholder in the auction house, faces up to three years in prison and heavy fines.