Sotheby's Makes Small Loss for 2009

Sotheby’s released its fourth quarter earnings for 2009 this morning.

Consolidated sales were $2.8B with a loss of $6.5m on $485m in revenue.

• Auction commission margins improve by 37% for the year

• Operating expenses reduced by $185.3 million compared to 2008

• Auction sales were $2.3 billion

• Private sales up 27% to $473 million

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2. Sotheby's Year-End Total
3. Sands Makes a Point
4. Christie's 2008 Sales Data
5. Sotheby's Announces Sales in Doha, March 2009