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