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Non-Tech : Sotheby's (BID) Auction House -- Ignore unavailable to you. Want to Upgrade?

To: Paul Kern who wrote (37)	3/16/1998 9:21:00 AM
From: Geoff	Read Replies (1) \| Respond to of 236

An article in Barron's has a very positive outlook for BID. An interview with Ron Baron, Morty Schaja and Mitch Rubin, of Baron Asset Fund, comment that "the opportunity here is that art transactions and revenues are growing between 8% and 12% a year. On top of that are opportunities with jewelry, with international, a new building coming on in New York that is going to be positive for their lower-end arcade sales." They go on about the French Art market's opening up after 400 years of being closed. Baron contends that, "it is not expensive. Its earnings should double from this year's $1.05 a share within four years. Then double again. So four years from now, the stock is going to be twice today's price. It will be over 40. If we are lucky, and others see that, it'll sell at 50." There is more, but my hands are tired of typing all that in. geoff