Sotheby’s Publicly Traded Stock Crashes

As of 11:55 a.m., the stock price for publicly traded Sotheby’s was at 34.25, down 15.82 points (32%) from yesterday’s 50.07 close. You can follow the carnage on Sotheby’s website here.
Linda Sandler and Philip Boroff of Bloomberg report on the downgrading of Sotheby’s stock by analysts.