Sotheby’s Shares
Published March 13th, 2006
UK Auction News
Sotheby’s shares jumped by 11 per cent to a five-year high after the auction house reported sharply higher earnings on the back of a booming art market.
Sotheby’s income from continuing operations last year surged by 85 per cent to $63.2m. Earnings before interest, tax, depreciation and amortisation rose by 31 per cent to $143.8m.
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