Sotheby’s Posts $23.5 Million Loss in Third Quarter

November 6th, 2017

Shiraga sells at Sothebys, via Art NewspaperSotheby’s posted a loss of $23.5 million in its third quarter this year, improving slightly on expectations after a moved Hong Kong Sale and unexpected tax benefits saw the auction house perform better than expected. “There was a lot of uncertainty,” says CEO Tad Smith of recent months following the U.S.’s complex political situation. “But there was a breath of fresh air and you saw that in the marketplace.”

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