Sotheby’s Commissions Slump by Nearly 20% as Luxury Falters Sotheby’s, the renowned auction house synonymous with luxury and opulence, has recently found itself facing turbulent times. The company reported a pre-tax loss of $247.9 million, sending shockwaves through the art market and beyond. This significant downturn in fortunes comes as Sotheby’s grapples with a slew […]
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