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
Sign up to Art Market Monitor Premium today
You need a membership to AMMpro to view this article and other exclusive content daily.
You can register today for $90 per month—with your first month free!—or for $756 per year (no free trial period.)
If you already have an account, sign in here:
