NEW YORK (AP) _ Sotheby's (BID) on Monday reported second-quarter earnings of $57.3 million.

The New York-based company said it had profit of $1.08 per share. Earnings, adjusted for one-time gains and costs, came to $1.09 per share.

The auction house posted revenue of $345.6 million in the period.

Sotheby's shares have risen 2.5 percent since the beginning of the year. The stock has increased nearly 5 percent in the last 12 months.

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