BNET Industries

Market Cap:$1.1B
Last Fiscal Year Sales:$917.7M
- Public
- US
Dow Jones Description
Sothebys (or, together with its subsidiaries, unless the context otherwise requires, the Company) is one of the worlds two largest auctioneers of authenticated fine art, antiques and decorative art, jewelry and collectibles. In 2008, Sothebys accounted for $4.9 billion, or 51%, of the total aggregate auction sales of the two major auction houses that comprise the global auction market.
Number of Employees 1,638
Peer Companies
NAICS Code Art Dealers: 453920
Recent Events
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Sotheby's Corporate Credit Rating Cut
News & Analysis
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sotheby's - All News and Analysis
Wealthy Chinese drink to their success at Hong Kong wine auction
Hong Kong has overtaken London and New York as Sotheby's largest wine market after the auction house this weekend sold $7.9m of rare vintage to deep-pocketed Asian collectors. One mainland Chinese connoisseur splashed out an eye-popping $93,077 (€63,563, £58,436) for a bottle of 1982 Chateau Petrus Imperial, in another example...
Plenty of Bids for Sotheby's
Kurt Rive submits: Sotheby’s stock BID has been on a tear lately. The shares have more than doubled since their intraday low of $6.05 on February 27th and are up 61% so far this year, easily outpacing the S&P 500’s 1.54% gain for the same period. ...
Atticus Discloses Big Stake in Sotheby's
Market Folly submits: Timothy Barakett's hedge fund Atticus Capital has filed a 13G on Sotheby's BID disclosing a 5.4% ownership stake in the company. The filing was made due to activity on June 11th, 2009 and the hedge fund now owns 3,584,110 shares. This is a brand new position for...
Earnings Preview: Sotheby's
Sotheby's BID is expected to report Q1 earnings after the market close on Thursday, May 7 with a conference call scheduled for 4:45 pm ET. Guidance Analysts are looking for a loss of (53c) on revenue of $55M. The consensus range is (62c)-(44c) for EPS, and revenue of $49.77M-$64.62M,...
Appreciating Art as an Investment
Hard Assets Investor submits: By Debra Diamond One way to consider "hard assets" is as a kind of alternative global currency. In times of economic or political distress, many alternative hard assets - gold, gemstones, collectibles - have been embraced by investors in a flight to quality. Hard assets...
Tangible Assets: Why Now's the Time to Buy
Debra J. Diamond submits:Time to Load Up on Hard Assets And That Means 'Real' Tangibles, Too Usually when Wall Street talks about hard assets, they're talking about precious metals or commodities, things you can touch or feel or consume. by Debra J. Diamond
Steve Cohen's Evolving Interest in Sotheby's
The Manual of Ideas submits: The British paper The Telegraph reports on Steve Cohen's past indulgences at the auction house Sotheby's (NYSE: BID), as well as Cohen's current interest in the auction house itself. We've taken cursory looks at Sotheby's in the past and find the current valuation quite interesting....
Sotheby's Holdings, Inc., Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. Operator Instructions And we will take our first question from George Sutton with Craig-Hallum. George Sutton - Craig-Hallum Capital Good afternoon to both of you, with respect to the $100 million statement that you made with respect to total costs. Can...
Earnings Preview: Sotheby's
Sotheby's BID is expected to report Q4 earnings after the market close on Thursday, February 26 with a conference call scheduled for 4:45 pm ET. Guidance Analysts are looking for a profit of 20c on revenue of $177.86M. The consensus range is 13c-27c for EPS, and revenue of $167M-$187.88M, according...
Earnings Preview: Sotheby's
Sotheby's BID is expected to report Q3 earnings after market close Friday, November 7, with a conference call scheduled for 4:45 pm ET. Guidance Analysts are looking for a loss of (16c) on revenue of $126.31M. The consensus range is (25c) to 12c for EPS, and revenue of $110.2M to...
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