Luxury
Sotheby's Takes Hit From Falling Auction Fees As Art Sales On The High End Surge 35%
The legendary auction house blamed thinning auction commission margins, as prices on the top end, where margins are lower, rose sharply. A day after its important Impressionist and Modern sale in New York, Sotheby’s revealed a first quarter loss of $22.3 million, more than doubling the loss experienced in the…
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Click here to read the full story: Forbes