This improvement is principally due to higher auction and private sale commission revenues, partially offset by an increase in operating expenses that is due, in part, to higher incentive compensation costs, a higher level of direct costs consistent with the volume and composition of auction sales, and the cost of investments in strategic initiatives.

FORBES: Sotheby's Q3 Sales Down 4%

Tilton played the sex-kitten card during the mid-1990s when she worked on the sales and trading desk of Amroc Investments, on the phone with buyers of loans and high-yield debt.

FORBES: Lynn Tilton: The Wild Woman of Wall Street

Demand continues to outweigh the number of properties for sales, igniting investments and development land sales.

FORBES: $300 Per Night Rooms Spurs NYC Hotel Building Frenzy