Does Sotheby’s Imp-Mod Success Satisfy Wall Street?

The Financial Times gathered a reaction to Sotheby’s resounding success in the Impressionist and Modern market this week. They asked analysts if the results would change their view of the company’s prospects:

“Its clear that bidders saved their bids for Sotheby’s this week, with most higher value lots going for well above their expected range,” noted Oliver Chen, luxury analyst at Citigroup. “However, questions still remain over what auction commission margins these items were sold at.”

Sotheby’s trumps Christie’s in New York autumn auction season (Financial Times)