Thursday, March 11, 2010

Sotheby's is profitable again. This is terrible news.

UnBeige wonders if it's a "sign that the high-end auction world is coming back up for some air after being stuck with every other company well below the surface due to the global financial meltdown." I think it would be more accurate to say it's a sign that rich people need some place safe to put their cash.

And, just as accurately, it's a sign that Lily Safra really did want that Giacometti.

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