Sotheby’s is facing fresh scrutiny over its finances after a flurry of recent developments. A New York real estate broker has filed a $10.2 million lawsuit over commissions tied to the sale of the auction house’s former Manhattan headquarters—something Sotheby’s disputes. Meanwhile, the company has introduced a new delayed-payment program. These moves have raised questions about liquidity, even as credit agencies have recently upgraded Sotheby’s outlook.
Plus, how Art Dubai is evolving amid ongoing regional conflict, and Artnet and the online art platform Artsy are coming together under a single leadership structure helmed by CEO Jeffrey Yin.
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