It is reported this morning, by Rosalind Renshaw of Property Industry Eye, that Countrywide have sold their UK Master License for the Sotheby's International Realty brand.
The report says Countrywide bought the prestigious Hamptons brand shortly after and made the sale as they were aggressively pursued.
Speculation reported in the piece highlights Robin Paterson as the 'money' behind the deal. If so, this one person would have controlled Barnard Marcus, Hamptons and Sotheby's through his UK property career.
This same Robin Paterson 'did a Jon Hunt' by selling a 500 acre estate in Henley just 2007, at the height of the market before the financial crash.
According to Robin's website, he primarily resides in the Carribean, working on property development projects.
Sotheby's Auction House was founded in 1744 and the US group Realogy licensed the Sotheby's International Realty brand in 2004. Over 100 US offices were opened within a year of the agreement. The franchise has 683 offices worldwide and is consistently voted as Best in Category for Franchisee satisfaction by Franchise Business Review.
Here's the source story on Property Industry Eye: http://www.propertyindustryeye.com/surprise-countrywide-sells-sothebys-franchise-just-four-years/