Sotheby’s (Public, NYSE:BID) stock in one year has ranged from $61 to $23. Last Friday shares tanked 8% and yesterday we flirted with a new 52-week low. But today shares are up 5% and trading around $25, so now what?
Investing in this company is all about timing. Only the rich and famous like Robin Leach and Little Jon can afford high priced items that Sotheby’s auctions. If you don’t know much about the company, they are basically the eBay for rich people, no Star Wars figures are sold at their auction house.

Sotheby’s just posted a first quarter loss as well as a decline in revenue. They …