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  "documentTitle": "Third Point Management | Activist Presentation Deck | 30 slides",
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  "authorName": "Third Point",
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  "presentationDate": "2014-04-01 00:00:00",
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  "notes": "The slide uses a Bloomberg terminal screenshot as primary evidence to challenge management's narrative.",
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      "kind": "chart",
      "text": "Bloomberg 15-year stock price chart for BID US Equity",
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      "text": "Sotheby’s stock price has been highly volatile over the past 15 years. Price basically flat vs. 1999 and materially below its 2007 high. Historical performance suggests current leadership has failed to create enduring value for shareholders over the long-term.",
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      "kind": "source-note",
      "text": "Source: Third Point LLC; Bloomberg (15-year daily price chart)",
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      "kind": "title",
      "text": "Current Board claims BID shares have outperformed the market; however, a quick look at historical performance suggests failure to create enduring value for shareholders",
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      "text": "Sotheby’s: Shareholder Return",
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