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Sotheby's Third-Quarter Loss Narrows, Beating Expectations
Sotheby’s shares fell the most in three months after the firm said third-quarter revenue from its main auction business dropped amid lackluster sales of Asian art, jewelry and Old Master paintings. Commissions from auctions — Sotheby’s largest source of revenue — fell by 9 percent to $69.2 million, the company…
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Click here to read the full story: Bloomberg