Sotheby’s, Christie’s Furlough Staff; and the Shift to Digital and Private Sales Accelerates

ArtFixDaily
Published on
Sotheby's, Christie's Furlough Staff; and the Shift to Digital and Private Sales Accelerates April 02, 2020

Due to the sudden loss of sales from live auctions and logistical challenges during the evolving coronavirus crisis, Sotheby’s will be furloughing 12 percent of its staff, about 200 people, first reported the Wall Street Journal. Christie’s will be furloughing some staff in Europe, laying off some contractors and will ask top executives to volunteer for a pay cut.  Offered by Christie's in Private Sales online, John Singer Sargent (1856-1925) Cypresses and Pines, signed ‘John S. Sargent' (lower right) oil on canvas, 28 x 36 in. Painted in 1913. Price on request.Christie's The Wall Street Journal reports that a 20 percent pay cut is