Saturday, 10 November 2007

Sotheby's stock crashes

A few days ago, Sotheby's had a "disappointing evening". The biggest failure was the buy-in of one of Van Gogh's last paintings. Yesterday, Sotheby's had to announce that it lost $14.6 million on auction guarantees at the sale. Last week's events led to a plunge of the Sotheby's stock.

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