Quote:
Originally Posted by Peter_Spaeth
Goldin Auctions is under common ownership now with PSA/CU. The decision may be coming from that level.
|
Agreed. After paying $200 million (I'm not sure if that figure is accurate) for the AH in 2021 at the top of the market, CU may be squeezing Mr Goldin to become more profitable to justify their investment.
I think an organically grown auction house that has lower expenses and no investors to answer to may have a market advantage moving forward.