Archive for September, 2007

Mr. Auction Vendetta

Thursday, September 27th, 2007

I’ve been characterized by names (both good, and bad), but now I have been “recognized” by another blogger for my observations and opinions on how the auction process works in the art and antiques industry. Perhaps I should also have the additional titles of Mr. Antiques Show Vendetta and Mr. Dealer Vendetta. My […]

Posted in Christie's, Sotheby's, reserve price, buyer's premium, auction, antiques dealer, antiques | No Comments »

Strategy + Operating Leverage = Results?

Tuesday, September 11th, 2007

After Sotheby’s announced their last quarterly financial statements, CEO Bill Ruprecht explained that “We believe that these results validate our strategy, demonstrate the significant operating leverage in our business model and highlight our ability to execute in a strong market”. With a robust 12 month income of over $170 million dollars on sales revenue of […]

Posted in Christie's, Sotheby's, reserve price, buyer's premium, auction, antiques dealer, antiques | No Comments »