White Knight

Taubman goes after Sotheby 's

Though he is little known to the general public, Developer A. (for Adolph) Alfred Taubman, 59, is one of the wealthiest men in America. Over the past 33 years, he has amassed an empire that includes 25 major shopping centers in the U.S., 800 A & W fast-food outlets, 100 movie theaters and a personal fortune estimated at $525 million. Now Taubman, who operates out of Troy, Mich., is going after one of the most prestigious properties of all: Sotheby Parke Bernet Group, the tradition-laden British art auction house. Said Taubman in announcing his offer of...

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