AO Newslink

August 8th, 2012

Sotheby’s reported second quarter revenue which fell 18% to $303.9 million despite its successful first quarter, which the company called its “most profitable quarter in history.” Chief Executive Officer William Ruprecht stated “Our results reflect the global economy, which we’re all experiencing, income is down because sales are down. The overall health of the business is intact.”

Read the article via Bloomberg