The Art Newspaper homed in on Michael Goss's Sotheby's CFO's comments in a statement explaining why the auction house was raising its buyer's premium:
“We made this decision for two principal reasons: first, to offset margin pressure, particularly at the high end of our business where these changes are focused; and second, to continue to invest in improving our client experience in all aspects of our business.”
When Goss talks about margin pressure, he's acknowledging
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