Sotheby’s reported operating revenues for the third quarter, ended Sept. 30, decreased 11 percent to $76 million. The auction house said the $9.1 million decline is largely due to a higher level of principal losses on auction guarantees, as well as lower private sale commissions and lower auction commission margins.
Read more at: www.jckonline.com
Read more at: www.jckonline.com
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