Sotheby’s Sees Increased H1 Earnings after Commissions Increases

August 8th, 2013

Sotheby’s has posted its earnings for the first half of 2013, with profits up to $91.7 million, over last year’s $85.4 million in the same period.  Revenues also saw a 0.3% increase, likely from the increased commissions that the auction house announced earlier this year.  In addition, the auction house noted that the global bidding activity of Asian collectors at Sotheby’s in the first half of 2013 has exceeded the total for all of 2012, an impressive feat that once again trumpets the importance of the Asian market.

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