Sotheby’s Sees Fourth Quarter Loss After Taubman Sale and Buybacks

January 22nd, 2016

Sotheby's, via ArtforumSotheby’s announced a fourth quarter loss this week, noting that it would scrap its year end dividend in favor of a stock buyback.  The loss was caused in part by charges for a previous buyback, and by the sizable guarantees made to secure the Taubman collection sale last year, which failed to live up to estimates.  

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