Sotheby’s achieves $53mn profit after years of losses
Auction house posted 2025 profit as art market returned to growth
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Sotheby’s offers to pay sellers interest as art market struggles
Patrick Drahi-owned auction house contends with heavy debt burden in shrinking market
Bonhams loss almost doubled to £213mn as art market slumped
UK-based auction house took hefty impairment charges and posted lower revenues for 2024
Sotheby’s strikes $100mn debt deal with KKR backed by auction fees
Borrowing facility adds another layer of debt to auction house owned by billionaire Patrick Drahi
The art market is showing signs of revival — but experts urge caution
Rising numbers mask a broadening of taste, away from the fine art beloved by previous generations
There is method in the market’s madness
But it relies on a host of rosy assumptions going in investors’ favour
Private credit’s stale pricing problem
More frequent asset valuations can boost market resilience and investor confidence