Sotheby's Big Losses Signal Potential Economic Hard Times Ahead for Art World

After reading in our dentist’s office last week, the not very positive outlook for the art world as foretold in this really great piece about Lawrence Salander‘s fall from grace in Men’s Vogue, we weren’t surprised at all when we found, by way of Art Info, that Sotheby’s, the biggest of the big in all art dealings, is posting big loses and not faring very well at all in this current economic free fall. And it doesn’t seem like just a little hiccup, as Bloomberg reports that their stock has fallen by half in just a year, which is never a good sign for both the company and the art market as a whole.