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 (189)	2/19/1999 5:39:00 PM
From: Steve Andrew	Read Replies (1) of 236

IceClump....<also kidding> I won't argue about the 50% ratio; let the "street" do the talking(although a 2-5% rate is certainly not applicable here). It is interesting to note, however, that the universe of auctionable fine art inventory is somewhat limited and doesn't grow exponentially, e.g. all the quality auction houses are seeking to get the lion's share of that inventory (unfortunately, your fast-food analogy does't cut it). I got the #3000 from BID area specialist(s). I might speculate a little pre March 1-2 window as the past qtr. for BID probably wasn't too bad and Christies is indeed likely to confuse the web for the another passing fad....those Brits don't get out much and in all reality, the majority of senior management is confused and fearful post the Pinault buy-out. Don't underestimate YHOO/Butterfield combo...they will become quite potent and are indeed planning on competing in the identical space as BID. Happy to opine here, but I don't take myself too seriously...just cruising along the open seas of the investment ocean...trying to avoid the "icebergs"..Hee.Hee...I couldn't resist.

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