Menu

Post image 1
Post image 2
Post image 3
Post image 4
Post image 5
Post image 6
Post image 7
Post image 8
Post image 9
1 / 9
0

Inside Sotheby’s Latest Financial Maneuvers | Artnet News

Artnet News·Margaret Carrigan News Editor·about 1 month ago
#d3VanVGX
#x3a#x20#x7b#x7d#x5b#sotheby
Reading 0:00
15s threshold

Price Database Art Market Minute Plus, the latest developments for Art Dubai, and Jeffrey Yin is now CEO of Artnet and Artsy. The exterior of Sotheby's in London. Photo: Mike Kemp/In Pictures via Getty Images. Sotheby’s is facing fresh scrutiny over its finances after a flurry of recent developments. A New York real estate broker has filed a $10.2 million lawsuit over commissions tied to the sale of the auction house’s former Manhattan headquarters—something Sotheby’s disputes. Meanwhile, the company has introduced a new delayed-payment program. These moves have raised questions about liquidity, even as credit agencies have recently upgraded Sotheby’s outlook. Plus, how Art Dubai is evolving amid ongoing regional conflict, and Artnet and the online art platform Artsy are coming together under a single leadership structure helmed by CEO Jeffrey Yin.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More