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A Sign That The World's Richest Are About To Hit A Rough Patch by somtookeke(m): 8:55am On Nov 22, 2015 |
Quietly, over the last three months, Sotheby's auction house has seen its stock lose one-quarter of its value. This is, in large part, due to its high-end clients. Something is about to happen to them. The polite way to say it is that —as Sotheby's CEO Tad Smith put it earlier this month — they are about to get more "discerning." The frank way to say it is that they're about to get walloped by this year's choppy markets. Sotheby's stock price is warning of this. Yes, we're seeing record-breaking sales for some items, like a Modigliani painting sold by rival Christie's for $170 million earlier this month, but if you look below that tier the picture isn't so great. CLICK THE LINK BELLOW TO READ MORE>> #SpeakersDen: A sign that the world's #richest are about to hit a rough patch: http://speakersden2..com/2015/11/a-sign-that-world-richest-are-about-to.html |
Re: A Sign That The World's Richest Are About To Hit A Rough Patch by somtookeke(m): 9:02am On Nov 22, 2015 |
somtookeke: |
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