Sotheby's closes Amsterdam auction house

1st July 2011, Comments 0 comments

Sotheby’s will no longer organise auctions in Amsterdam. The world’s largest auction house announced a halt to its Dutch operations as part of efforts to save one million US dollars from its budget.

The New York based company will leave their Amsterdam headquarters for a smaller location in the city. There, art will be assessed and transferred, Sotheby’s Amsterdam director Mark Grol told NOS news. Buyers and sellers are encouraged to visit their auction houses in London and Paris.

Sotheby’s has reduced their international activities elsewhere as part of the budget restraint. Their office in Italy will also close. 

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