Going once, going twice... A Report Card for Online Auctions
EVERYONE seems to agree that online auctions are important to the art world's future. In 2013 Daniel Loeb, an activist investor, seethed over Sotheby's "inability to even develop a coherent plan for an internet-sales strategy, much less implement one." Sotheby's has worked to remedy that, for example by joining forces with eBay and holding five online-only auctions last year.
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