LONDON — Twenty years ago, Sotheby’s and Christie’s made money by auctioning art. And that was about it. Now, in a process fast-forwarded by the coronavirus pandemic, technology is transforming these venerable names into very different-looking businesses. Luxury is making that difference.
Sotheby’s, under the tech-savvy ownership of the French-Israeli telecoms magnate Patrick Drahi, who who last year borrowed $1.1 billion to finance the acquisition, said in December that it would restructure itself