Sotheby's (BID -3.6%) trades down after its Q3 lands wide of the mark. Losses widened Y/Y as the...

|About: Sotheby's (BID)|By:, SA News Editor

Sotheby's (BID -3.6%) trades down after its Q3 lands wide of the mark. Losses widened Y/Y as the auction house was hit by higher expenses and lower auction commission revenue. Separately, the company raises its quarterly dividend by 60% to $0.08 per share.