Sotheby’s enjoy $100m recovery in profits for 2004
YEAR-END results for Sotheby’s show a $100m-plus turnaround in profitability for 2004. It’s a figure that many will take as a sign that the formerly ailing auction house has finally shaken off the spectre of scandal and debt.
While total revenues for the year were $496.7m (including a one-off $46m from leasing out their real…