Daniel Cassady is a reporter covering the business practices, money, and machinations of the art world. His writing has appeared in The Washington Post, The New York Post, Forbes, and The Art Newspaper. He welcomes good conversation and heated debates. You can reach him at dcassady@artnews.com and on Twitter @danielcassady.
Despite cloudy financial outlook, Sotheby's paid shareholders $8.5 million in dividends in the first quarter of 2024 and a total of $90 million last year.
"At this moment in the gallery's evolution, we arrived at the point where I decided it was time for us to part ways," Larry Gagosian wrote in an email.