Hot Auction Tip: Don't Try To Buy The Company

Article Abstract:

It has become very difficult for the great auction houses to turn a profit. Behind the glitz of Sotheby's and Christie's are high risk, stiff competition, and increased administrative expenses.

Europe, Sales, profits & dividends, Statistical Data Included, Finance, Column, Christie's International PLC

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More to Selling Than the Gavel. Lawsuit Against Southeby's Unveils Disputed Worth of Pre-Auction Niceties. Are Presale Optimistic Estimates Spin or Promise?

Article Abstract:

Al Luckett Jr. has sued Sotheby's for estimating his collection of colonial Spanish-American furniture for much more than it received at auction. Philips auction house had previously turned down the opportunity to auction off this collection.

United States, Legal issues & crime, Services information, New Mexico, Cases, Antiques

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In selling art, quality may count -- but so does truffle risotto

Article Abstract:

The article discusses the art collection industry, and how the amount of money spent on the food by auctionhouses corresponds to sales expectations.

Market information - general, Marketing procedures, Advertising Activity

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