Sotheby’s has reported an 88% plunge in its core earnings and a 25% decline in auction sales, as a chill in the art market hits one of the industry’s most famous brokers.
First-half figures at Sotheby’s main auction business have revealed the extent of the financial pressure the group came under before it struck an investment deal with Abu Dhabi earlier this month.
#HiveNews | #Press | #PlebChain
Coffee ☕
npub17e…0kl63
2024-08-30 23:21:19
Author Public Key
npub17eruj45dp9vkuv3lm5q5fw8z7dd27hd2g0u7kkd4qt5emy85xees20kl63Published at
2024-08-30 23:21:19Event JSON
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"content": "Sotheby’s has reported an 88% plunge in its core earnings and a 25% decline in auction sales, as a chill in the art market hits one of the industry’s most famous brokers.\n\nFirst-half figures at Sotheby’s main auction business have revealed the extent of the financial pressure the group came under before it struck an investment deal with Abu Dhabi earlier this month.\n\n#HiveNews | #Press | #PlebChain \n\n",
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