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Sotheby's Makes Small Loss for 2009

March 1, 2010 by Marion Maneker

Sotheby’s released its fourth quarter earnings for 2009 this morning.

Consolidated sales were $2.8B with a loss of $6.5m on $485m in revenue.

  • Auction commission margins improve by 37% for the year
  • Operating expenses reduced by $185.3 million compared to 2008
  • Auction sales were $2.3 billion
  • Private sales up 27% to $473 million

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Filed Under: General Tagged With: Sotheby's

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