Sotheby’s gets a new owner

Felix Salmon | Axios | 18th June 2019

Blanket coverage of the takeover of Sotheby’s makes the topic hard to avoid, but is it such a big deal? Sotheby’s and Christie’s together sell over 80% of artworks valued above $1m. The deal should help Sotheby’s to compete so margins will probably shrink. Public information will likely reduce. Detailed analysis of the deal is here but the linked piece is succinct: it’s just “capitalism”.