Buying at Sotheby’s just got more expensive – again
Felix Salmon | Fusion | 2nd February 2015
If the economics of the art world is of interest, this one’s for you. The price boom in ‘trophy’ art at auction has been widely canvassed. Major auction houses like Sotheby’s are able, as middlemen, to ‘clip the ticket’ and share in any windfall gains. The chart showing how commissions have evolved is, well, priceless.