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Sotheby's announces US$12m loss over Taubman sale

Monday, January 25, 2016 - 05:50

Washington

IT is not the debacle that many doomsayers had predicted, but it is hardly the home run that Sotheby's had hoped for.

Last Friday, the auction house announced that it expected to lose US$12 million in the fourth quarter of 2015 as a result of the A Alfred Taubman sale,