Failure to Launch
Sotheby's advisory business's flat revenues; Christie's uses 1st Dibs for leverage; Bidding up a Raphael drawing at Druout.
Sotheby’s Advisory Strategy Quietly Stalls
Buried in Sotheby’s annual report released in late February and synopsized in Kelly Crow’s story in the Wall Street Journal about Gagosian Gallery establishing an advisory firm are the revenues for Sotheby’s Art Agency Partners advisory division.
“Sotheby’s is in the art-advisory business, having paid up to $85 …