Sotheby’s Posts $11 million loss in Historically Weak First Quarter, Showing Promise for Strengthening Market

May 11th, 2017

Sotheby’s earnings call this week shows a substantial uptick for the auction house, posting an $11 million loss in a section of the calendar known for a particular degree of sluggishness.  The auction house improved its figures by 49-percent in comparison with the same period last year.  “I think the market is definitely strengthening,” Amy Cappellazzo said during the call.  “We’re going to see and feel that next week.”Read more at Art News