Sotheby’s, which has seen a number of employee shake-ups in recent months, has announced a $25-million loss for the first quarter of 2016. Last year at this time, the auction house had reported a $5.2-million gain. The news was followed by a lackluster Impressionist and Modern Art Sale on Monday, May 9. The auction netted $144.4 million, falling short of its low estimate of $164.8 million.