SAN FRANCISCO — Standard & Poor’s said Friday it may raise the ratings of Sotheby’s Holdings Inc. based on the company’s performance. The rating agency said it placed its Sotheby’s ratings, including the company’s BB+ corporate credit rating, on CreditWatch with positive implications. “This action reflects the company’s recent good performance due to a strong worldwide auction market and the successful implementation of its strategic initiatives,” said David Kuntz, an S&P credit analyst, in a statement.

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