Sotheby's

According to Wedbush, Sotheby's Holdings (NYSE: BID) estimates and price target are raised. Wedbush reported that it is raising its 2011 estimates for revenue to $848 million from $830 million, and for EPS to $2.97 from $2.82, to reflect better than expected momentum in recent auctions, especially...

Shares of Sotheby's (NYSE: BID) are up more than 5%, after the auctioneer announced that it returned to a 4th quarter profit, while beating Wall Street estimates. Sotheby's reported earnings of $73.6 million, or $1.09 per share, compared with a loss of $9.3 million, or 14 cents per share, a year...