Bloomberg Charts Fierce Competition at Auction Houses

June 22nd, 2015

The sale at Christie's this week, via NYTAs London auction houses prepare for this week’s Impressionist and Modern sales, Bloomberg recaps the battles between giants Christie’s and Sotheby’s, and the aggressive stance on auction guarantees that have helped to define the massive prices achieved in recent sales.  “Our profit margin is good,” says Christie’s recently appointed CEO Patricia Barbizet. “Guarantees are risk management and offer an assurance to the seller.”

Read more at Bloomberg