“Sotheby’s cut the pay of Chief Executive William F. Ruprecht for 2008 after he earned $10.3 million the year before as the art market peaked. The New York-based auction house indicated in a filing last month that Ruprecht’s pay, while reduced, was at least $2.1 million. … Sotheby’s 2008 profit of $28.3 million was the smallest since a $20.7 million loss in 2003. More than 200 staffers will lose their jobs this year amid $100 million in cost cutting.”