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Europe Daily Bulletin No. 9899

12 May 2009
Contents Publication in full By article 45 / 47
ECONOMIC INTERPENETRATION / (eu) art

The economic depression has also affected the art market. Sotheby's auctioneers, quoted in New York, published a loss of $34.5 million in its first quarter results, which is more than the analysts had predicted ($12.4 million deficit a year ago). Its turnover fell by 58% to $54.4 million. Sotheby's stated, however, that given the seasonal nature of its business, it never has big sales figures during the first and third quarters. Due to the worsening economic situation, Sotheby's, has...

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION
WEEKLY SUPPLEMENT