New York-listed auction house Sotheby's enjoyed the second best year in its 268-year history as revenues rose 7% to $831.8m and net profits climbed 7% to $171.4m. The strong performance was fuelled by higher revenues from both auction activity and private-sale commissions, and after selling a string of masterpieces above their estimated prices, Sotheby's has further landmark sales lined up for this year
Top of the lots at Sotheby's
New York-listed auction house Sotheby's enjoyed the second best year in its 268-year history as revenues rose 7% to $831.8m and net profits climbed 7% to $171.4m. The strong performance was fuelled by higher revenues from both auction activity and private-sale commissions, and after selling a string of masterpieces above their estimated prices, Sotheby's has further landmark sales lined up for this year
