Broadway Stars Broadway Stars

Sotheby's Reports $71.2m Loss & "Substantial Doubt" About Continuing; Major June Sales Planned by Artsjournal1

Sotheby's new leaders, who took the publicly traded company private, are understandably eager to reopen their New York saleroom for post-pandemic business. Having disclosed a $71.2-million net loss in its 2019 Annual Report (compared to net income of $108.6 million the previous year), the company could use a life-sustaining income infusion. " Lee Rosenbaum

SOURCE: ArtsJournal at 07:24AM on May 5, 2020

« Back to BroadwayStars