Sotheby’s Earnings Down 14% in Q2

August 3rd, 2017

Despite strong auction outings and a major record auction for Jean-Michel Basquiat, Sotheby’s posted quarterly earnings for Q2 that were down 14% from last year. “Overall, the quarter was solid and I’m confident more growth will come both as the market improves and as our investments begin to yield returns,” Sotheby’s CEO Tad Smith said in a call to investors.

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