Sotheby’s results show more recovery
INCREASING revenues at Sotheby’s have given a further indication of the recovering art market. The company’s latest set of results shows a major turnaround for the first nine months of 2010, going from a loss of around $80m for the equivalent period in 2009 to a profit of $64.7m.
Turnover for the third quarter saw a 63 per cent rise to $73.1m, while auction commissions rose by $…