Fourth Quarter Dampens Strong Year for Sotheby's

Sotheby's New York headquarters.

Sotheby's said Wednesday that fourth quarter net income declined 25.7 percent, year-over-year, to $71.5 million, largely due to an 11 percent decline in auction and related revenue to $274.9 million. Auction sales fell 5 percent to $85.2 million during the period, ended Dec. 31, 2011, primarily due to a 5 percent decline in net auction sales over the period

Fourth Quarter Dampens Strong Year for Sotheby's

Sotheby's New York headquarters.

Sotheby's said Wednesday that fourth quarter net income declined 25.7 percent, year-over-year, to $71.5 million, largely due to an 11 percent decline in auction and related revenue to $274.9 million. Auction sales fell 5 percent to $85.2 million during the period, ended Dec. 31, 2011, primarily due to a 5 percent decline in net auction sales over the period

Christie’s Jewelry, Jadeite and Watch Sales Totaled $518 Million in 2010

“The Perfect Pink,” a 14.23ct. intense pink gem achieved $23.2 million in Hong Kong in November, 2010, to become the most expensive jewel ever sold in Asia.

Led by spectacular colored diamonds, jewelry sales at Christie’s International totaled a new record of $426.4 million, smashing the previous record of $395 million set in 2007. The international auction house said each of its major

Christie’s Jewelry, Jadeite and Watch Sales Totaled $518 Million in 2010

“The Perfect Pink,” a 14.23ct. intense pink gem achieved $23.2 million in Hong Kong in November, 2010, to become the most expensive jewel ever sold in Asia.

Led by spectacular colored diamonds, jewelry sales at Christie’s International totaled a new record of $426.4 million, smashing the previous record of $395 million set in 2007. The international auction house said each of its major