TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook GalleyCat UnBeige MediaJobsDaily

Newhouse Loses Less Than Expected, But Not From Condé

sotheby.jpgSi Newhouse made out better than expected during a Sotheby’s auction last night. The item he was selling off — a sculpture by Swiss artist Alberto Giacometti entitled “L’Homme Qui Chavire” (pictured left) — only fell $2.8 million short of what he paid for it.

And while that might seem like a big chunk of change to us, Newhouse was expecting to lose $10-$12 million off the piece he originally bought for $20 million. So instead of selling his art half-off and making him look really desperate, the famed auction house managed to save the Condé Nast owner some face…something his own publications haven’t been able to do in quite some time.

Si Newhouse Catches a Break — Cityfile

Mediabistro Course

Freelancing 101

Freelancing 101Learn how to manage a top-notch freelancing career! Starting December 1, you'll hear from our expert speakers on the best practices for launching a freelancing career, from the first steps of self-advertising and marketing, to building your schedule and managing clients. Register now!