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November 10th, 2012

Sotheby'sAlthough Sotheby’s revenue increased, it has posted a loss for this quarter. Quarterly revenue rose 18% to $68.5 million. The company typically sees a small profit or loss in first and third quarters, as the largest sales happen during the second and fourth quarters. This year, the third-quarter loss increased by 10%, in an unfavorable comparison with an $11.6 million tax benefit in the third quarter of 2011. Read the article via Bloomberg