Sotheby's (BID) Auction House Message Board

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Non-Tech : Sotheby's (BID) Auction House

BID 56.99

0.0%

Oct 14 5:00 PM EST

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To: Iceberg who wrote (122)	1/21/1999 10:14:00 AM
From: Steve Andrew	Read Replies (2) of 236

Yo ICEAGE.... If you want to challenge my credibility....go ahead. As I said before, I am currently in this business and quite aware of the art world's internal perception of Sotheby's business practices and strategies. Go to the WSJ article and read it carefully and you'll see the concern about the area specialists and the price point merchandise ($5000approx). But I guess you'll say I'm making that up. As for the dealers attitudes..why don't you go and talk to any decent fine art dealers and ask them their honest impressions of Sothebys? As for the "strong arm tactics"....BID is offering a 7 day window for dealers to accept an offer giving BID the "exclusive e-auction rights for 2-3yrs" in return for a scaled abatement of the "vendors fees(6-10%)".....Not a great deal (according to most I've talked to) and too "pressured" according to the rest. You can accuse me of anything you want. I am far more knowledgeable about this strategy than you'll ever be and credibility comes from a detailed understanding of the business....something you exhibit none of. Blow smoke up your own ass and buy as much stock up here as you can....I am laughing all the way to the bank. Your attacks prove only one thing...your analytical reading and deductive skills leave much to be desired. Your investing skills are probably not much better. Ever hear of buy the rumor...sell the news?? From the Lesser Fool to the Greater One.. SA P.S. Go back to your mail-in MBA and $19.99 trading systems...they might make you enough to afford some e-classes at my Alma-Mater (U. of Penn., Wharton Class of 1981)

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