A 'paradox' is plaguing the art market (BID)

Sotheby's made it out of the second quarter with a profit even though the art market remained in turmoil.
The art broker on Monday reported a 31% year-over-year rise in profits as it cut costs.
Meanwhile, its net auction sales fell 16%, "reflecting a comparable decline in the global art market," Sotheby's said in its earnings statement.
"There are a number of geopolitical macroeconomic commodity pricing and financial market uncertainties to leave the art market with a paradox," said Th