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Stock Market & Financial Investment News

News Breaks
April 25, 2014
08:33 EDTBIDSotheby's to mail letter to shareholders, again urges vote for director nominees
Sotheby's announced that it is mailing a letter to its shareholders in connection with the upcoming 2014 Annual Meeting, highlighting its beliefs that Sotheby's continues to deliver strong financial performance and superior value creation; Sotheby's preliminary results for Q1 demonstrate successful execution; Mr. Loeb has offered no strategy to create value and has made no case that change is warranted at Sotheby's; and Loeb's pattern of disruptive behavior has negatively impacted Sotheby's business and relationships.
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October 20, 2014
10:58 EDTBIDSotheby's Impressionist sale supply strong, says Barrington
Barrington said Sotheby's was a big winner of Impressionist consignments and that its supply for the auctions is "exceptionally" strong, noting that Christie's auction is much smaller in both size and value and that its Impressionist supply is below year-ago levels. Barrington said recent auction and art fair results give it confidence heading into November sales and the firm maintains its Outperform rating on Sotheby's.

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