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Sunday, 12 May 2019
A 23% Dip in Private Sales for Sotheby's....
It's worth noting that Sotheby's private sales dropped by a sizable 23% from the equivalent period in 2018. While CEO Tad Smith noted that results can vary from quarter to quarter, he expressed optimism for the coming six months due to several 'significant' private sales that closed last month.
I'm not sure about the rest of you, but I'm quite keen to see how their upcoming evening auction in New York does :p
https://news.artnet.com/market/shift-in-hong-kong-auction-schedule-put-pressure-on-sothebys-first-quarter-earnings-1533139?fbclid=IwAR3m6s7Wg-ZuXotgZ3TulHq-QiptA4CdZtBWkVBbgxsPYlOLS7eO5f-G8RQ
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