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Sotheby’s Cut at Trader’s Narrative




Sotheby’s Cut


DoraMaar.png

Picasso’s painting Dora Maar with Cat recently sold for $95.2 million, well above the $50 estimate. Am I the only one who can’t spot the cat?

While others were oohing and aahing over the gavel price, I was busy calculating Sotheby’s cut:


Let’s see, 20% of the first $15,000… that’s $3000. Then 15% of the next $85,000… that’s $12,750. And finally 10% of all over $100,000… that would be $9,520,000.

No wonder their stock is zooming higher:

BID.png

It looks a bit over extended here, even on the weekly. An orderly pullback might allow for a good entry.

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3 Responses to “Sotheby’s Cut”  

  1. 1 jam

    Hi,

    The small black cat is on her right shoulder.

    jam

  2. 2 Babak

    Ahh, yes. Now I see it. Thanks.

  1. 1 An Original Picasso… by Babak at Trader’s Narrative


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