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Sotheby’s Holdings Inc., the auction house whose former chairman was indicted this month on charges he conspired to fix commissions, said its first-quarter loss narrowed to $22.5 million, or 38 cents a share, from $29 million, or 49 cents, a year ago, as it continued to cut costs. Analysts expected a loss of 23 cents. Sales rose 5% to $57.5 million. The New York-based company said it took a pretax charge of $800,000, or 1 cent a share, for legal fees related to a Justice Department antitrust investigation. Sotheby’s shares closed up 32 cents at $18.67 on the NYSE.