"More than 2.6m Sotheby's shares were traded today, following the quarterly report to shareholders in which the company announced that, while total revenue increased by 17% in the first quarter thanks to sales of high-end works, its operating costs--which were trimmed drastically during the downturn--rose 16%. This impacted the share price, which fell 6.1% today to close at $43.71." [Read Full Article]
Published By: The Art Newspaper
On: 05/10/11
Website: http://www.theartnewspaper.com/
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