Sotheby’s New Fee Structure is a Big Gamble
Editor’s Note: This story originally appeared in On Balance, the ARTnews newsletter about the art market and beyond. Sign up here to receive it every Wednesday. Auction math has long been as much alchemy as calculus. So, when Sotheby’s announced a new fee structure set to go into effect after this May’s sale season, the art market’s rumor mill went into overdrive. To …