Financier Puts Record-Setting Degas On Auction Block

“Henry Kravis, co-founder of the leveraged-buyout firm KKR & Co. LP, has asked Sotheby’s & Co. to auction an Edgar Degas work in his collection estimated to fetch more than $40 million, according to two New York dealers. … He has locked in a ‘guarantee’ from Sotheby’s to receive an undisclosed amount regardless of the sale’s outcome.”