Monday, 23rd November 2009

 

8 August 2008 - Press Briefing

Sotheby’s unveils record increase in consolidated sales

Sotheby’s has reported a record 14% increase in total consolidated sales, including private sales and auctions, for the first half of this year to $3.4bn (€2.2bn), according to a report in Art Net.

The figures include the recent London contemporary sales totalling $242.4m. Chief executive Bill Ruprecht described the results as "the second best in our history", especially considering "today’s global economic environment", said the report.

Sotheby’s also said that the share of its auction commission revenues for the second quarter was 15.1%, an increase over the 13.6% margin in the first quarter of the year.

Read the original

Most Read

  1. High net worth City workers mull relocating to Switzerland
  2. Colonel Gaddafi's son buys £10m London property
  3. Lombard Odier hires from Coutts
  4. Miller wealth start-up eyes family office mandates
  5. BarCap acquires Morgan Stanley real-estate subsidiary

Brummel

Relocation, relocation, relocation

Banks have never been shy of firing staff at the merest whiff of a downturn. First the fat, then the muscle and finally the bone. In the past, cuts have been so deep that firms have found it hard to benefit when the markets rebounded, paying over the odds to restaff at speed. Such wild oscillations in staffing numbers are known as “doing a Merrill”.

Rich Monitor

Diary: Utopia for Yacht Lovers

Looking to get more from your yacht? Why not share it with others?

More from Rich Life

  1. Senior Bear and Lehman executives reaped $2.5bn in bonuses
  2. High net worth City workers mull relocating to Switzerland
  3. KKR's deal maker and truffle hunter
  4. Diary: Utopia for Yacht Lovers
  5. Colonel Gaddafi's son buys £10m London property

Related Content

  1. Hirst proves art market is still golden

2nd Floor, Stapleton House, 29-33 Scrutton Street, London, EC2A 4HU

Tel: +44 (0) 20 7309 7788

Company No 3089347