Businessfromwww.theguardian.com4 days agoSotheby's losses more than double to $248m as art market slumpsSotheby's losses more than doubled to $248m in 2024 as revenue declined, the art market weakened, and severance and restructuring costs rose.
ArtsfromThe New Yorker3 weeks agoHow a Billionaire Owner Brought Turmoil and Trouble to Sotheby'sPatrick Drahi is applying debt-fuelled telecommunications business methods and low-profile ownership to reshape Sotheby's and influence the art market.