“So it's a franchise model. Sotheby started. They had the idea that if we were going to help people sell Rembrandts at the auction house, that we should be able to help them sell their real estate.”
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What was described
operate Sotheby's International Realty as a franchise model where local affiliates run offices under the brand
Said nearby on the same subject
“We have been operating under a matrix model, which requires both the asset class as well as the regional head to be supportive of a transaction…”
OP
Ontario Teachers' Pension Plan
Capital Allocators - Inside the Institutional Investment Industry ·
“The only time you would ever need more than one affiliate network… is if you need access to a localized international one like China, Russia, or South Korea.”