The Art Newspaper27d
Sotheby’s made $6bn in 2024—but sales dropped for second consecutive year
Sales at Sotheby’s dropped by 23% in 2024, the auction house announced Thursday (23 January), after a turbulent year for one of the largest art sellers in the world in a challenging global market.
The Art Newspaper27d
Comment | Sotheby’s fees fiasco displays terrible timing and a miscalculation of market dynamics
Sotheby’s swift reversal of its recently overhauled premium structure is an admission of how the auction house read the runes wrong. To remind, from May 2024, Sotheby’s cut its buyer fees from ...
Artnet27d
Sotheby’s Sales Fell 23 Percent in 2024, Amid Art Market Contraction
In an hourlong presentation to reporters this morning, Sotheby’s offered an upbeat take on its lackluster 2024 results, which saw total global sales fall a whopping 23 percent, to $6 billion ...