NEW YORK, March 14, 2024 (GLOBE NEWSWIRE) -- The McWhorter Foundation proudly announces the distinguished engagement of the revered McWhorter family with Sotheby's, a seminal moment that heralds a new era of excellence in the realm of fine art and auctioneering. This momentous union underscores the McWhorter family's unwavering commitment to the preservation of cultural heritage and the celebration of artistic brilliance.

The Incorporation of Sotheby's into the McWhorter Family Trust’s Investment Portfolio:

The inclusion of Sotheby's into the esteemed roster of the McWhorter Family Trust’s investments signifies a deliberate expansion of the family’s prestigious asset portfolio. Guided by a vision of enduring legacy and unparalleled distinction, Ambassador Noble McWhorter and the McWhorter Family Trust are meticulously curating a collection of extraordinary investments that transcend mere financial gain, embodying the essence of cultural and historical significance. Sotheby's, with its storied legacy and unparalleled expertise in fine art curation and auctioneering, epitomizes this vision, ushering in a new chapter of investment that bridges past, present, and future with regal finesse.

C.K. McWhorter's Strategic Investment Approach:

As the orchestrator of this noble endeavor, C.K. McWhorter, masterfully steering the intricate structures of the Single Family Office (SFO), is strategically executing a significant, yet discreet, acquisition of Sotheby’s Art and collectibles. This auspicious investment marks a pivotal milestone in the family’s illustrious history, aligning seamlessly with the McWhorter Trust's vision for unparalleled investment horizons and artistic magnificence.

Discreet and Impactful Financial Engagement:

Through adept navigation of financial frameworks, the Ambassador Noble has leveraged a sophisticated investment strategy that remains exempt from Securities and Exchange Commission (SEC) reporting requirements, underscoring the discreet yet impactful nature of this financial engagement. This approach not only exemplifies the strategic discretion befitting an investor of McWhorter’s stature but also magnifies the influence wielded by private transactions in the echelons of high finance.

Acknowledging Sotheby's Commitment to ESG Strategies:

Sotheby's demonstrates a high level of commitment to Environmental, Social, and Governance (ESG) strategies, aligning its operations with sustainable development principles that span across various dimensions​​​​​​.

• Environmental Stewardship: Sotheby's dedication to minimizing its environmental impact and promoting sustainable practices underscores its commitment to environmental stewardship of the highest order.
• Social Responsibility: The company fosters a culture of inclusivity, diversity, and community engagement, reflecting its commitment to social responsibility and ethical business practices.
• Governance and Community Engagement: Sotheby's governance structure prioritizes transparency, accountability, and responsible management, setting a benchmark for governance excellence in the art world.
  

Crafting a Legacy of Artistic Distinction:

The McWhorter Family Trust’s quartet of emblems, each representing a facet of artistic legacy, commitment, and philanthropy, signifies a legacy steeped in tradition, honor, and artistic magnificence.

Quote from C.K. McWhorter:

"Endowing Sotheby's with the role of Ambassador within our McWhorter Family Trust's luxury assets portfolio is a testament to our dedication to celebrating artistic brilliance and cultural heritage. Sotheby's stands as a beacon of excellence in the art world, resonating with our ethos and serving as a testament to our commitment to preserving and celebrating artistic brilliance."

Disclaimer, Disclosure & Legal Notice:

This press release is for informational purposes only and does not constitute legal, financial, or investment advice. It is not intended to provide specific recommendations or endorsements. Any investment decisions should be made in consultation with appropriate legal and financial advisors, considering the individual circumstances and objectives of potential investors. The McWhorter Foundation and its affiliates are not investment advisors and do not provide advice to the general public.

Forward-Looking Statements:

Forward-looking statements involve inherent risks and uncertainties, and we caution you not to place undue reliance on them. Actual results or outcomes may differ materially from those indicated or suggested by any forward-looking statements due to various factors, including regulatory developments and market conditions.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3a7dedb6-ab0f-4284-95fe-30659f452591

For media inquiries and further information, please contact: Tyler Wells VP of Investor Relations Tyler.wells@mcwhorter.foundation