Bloomberg Looks at Competitive Market for Big Ticket Auction Sales

April 26th, 2016

Sotheby's via FTBloomberg profiles the ongoing battle for market share by Sotheby’s and Christie’s this week, and the companies’s use of guarantees and third-party lenders to drive up auction prices as a show of strength.  “They have been making absolutely absurd deals just to be seen selling this Koons or that Rothko,” says gallerist David Nash. “They’d do anything to get the deal away from the competition.”

Read more at Bloomberg