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Sotheby's (BID) is in the Retail Industry

Revenue
Dec 31 2007
$917.7M
Profit
Dec 31 2007
$213.1M
Market Cap
Sep 03 2008
$1.7B

Latest News and Analysis

Additional Resources

  • OMEGA's Unique Pagoda Collection to Benefit CAEF

    Gymnastics legend Li Ning, sports stars and top management from OMEGA and Sotheby's announce planned charity auction BEIJING, Aug. 26 /PRNewswire/ -- A star-studded special event was held at the OMEGA Pavilion on the Olympic Green to announce OMEGA's plans to offer its Beijing 2008, Unique No....

    Articles 2008-08-26

  • Legal battle looms over late artist's drawings

    A legal battle has erupted over who owns 17 drawings by Martin Ramirez, whose artworks, created while he lived in California state mental institutions until his death in 1963, now fetch six-figure sums. Is Maureen Hammond, a widowed, retired schoolteacher living in Needles, Calif., a multimillion-dollar art...

    Articles 2008-08-24

  • In a crunch, don't forget the classics

    First-half results this year for banks might be depressing reading, but it's a different story for the auction houses, which are notching up ever increasing sales in their best-selling categories - including art, furniture and jewellery. As equity markets plunge and rising inflation erodes the value of cash savings, alternative...

    Articles 2008-08-16

  • Luxury Institute Survey: Wealthy U.S. Consumers Rate the Most Prestigious Real Estate Companies: Sotheby's International Realty, Christie's Great Estates and Corcoran Group

    High net-worth consumers rated Sotheby'sInternational Realty the most prestigious real estate company in the 2008Luxury Brand Status Index LBSI survey from the independent New YorkCity-based Luxury Institute ( www.LuxuryInstitute.com ). Respondents whowould recommend Sotheby's International Realty say they have "high-endproperties," "exclusive listings," "great customer service," and an"excellent reputation." Christie's Great...

    Articles 2008-07-30

  • Hirst tries to turn a Pounds 20,000 doodle into Pounds 2m

    NEW WORKS by Damien Hirst, including a sheep with a golden horn and a zebra in formaldehyde, are expected to fetch 65m when they go under the hammer at Sotheby's in September. The collection, Beautiful Inside My Head Forever, is the first by a major living artist...

    Articles 2008-07-29

  • Sawbuck Realty Wins Most Innovative Brokerage Award From Inman News Service

    Start-up Company Cited for Innovative Business Model SAN FRANCISCO, July 28 /PRNewswire/ -- Sawbuck Realty (http://www.sawbuckrealty.com/) was named the Most Innovative Brokerage of 2008 by Inman News Service at its Real Estate Connect Conference. The prestigious Inman Innovator Awards honor forward-thinking technologies, Web services, business models...

    Articles 2008-07-28

  • Hirst auction expected to fetch 65 million pounds

    LONDON AFP — A unicorn, a zebra and a calf in formaldehyde are set to highlight a sale in September of more than 200 works by Damien Hirst, auction house Sotheby's said Monday. The two-day auction, titled "Beautiful Inside My Head Forever", of 223 works by the 43-year-old...

    Articles 2008-07-28

  • Itzhaki Properties

    Joseph Armano has been named a managing partner at Itzhaki Properties where he will be focused on building the company's exclusive listing business. Prior to Itzhaki, Armano was a principal at Joseph Armano Real Estate where he brokered commercial properties and consulted in new development projects. He had previously managed...

    Articles 2008-07-16

  • What I read

    Interior designer Vicente Wolf is CEO of Vicente Wolf Associates, which operates VW Home, a luxury retail outlet that sells household furnishings and accessories that Wolf collects during his frequent travels around the world. Three all-time favorite books: I love to read books that...

    Articles 2008-07-07

  • Architectural Digest and Sotheby's International Realty® Brand Release Exclusive Survey Findings on Luxury Real Estate Market Consumer Trends

    Survey Findings Contradict Media Perceptions in the Marketplace NEW YORK -- Despite media reports to the contrary, real estate is still considered a sound investment and affluent consumers are confident both in the current housing market and that the value of their home has remained...

    Articles 2008-07-07

  • Murakami works help set European contemporary art auction record

    LONDON, July 2 Kyodo Three pieces by contemporary Japanese artist Takashi Murakami that were sold at auction in central London on Tuesday evening helped break the record for the most successful summer sale of contemporary art in Europe. Generating more than 94.5 million...

    Articles 2008-07-07

  • Sir Trevor's weakness for fine wines sparks a health warning

    ALCOHOL Veteran newsreader risks serious harm with after-work burgundy and champagne breakfasts, campaigners say Alcohol campaigners warned last night that the veteran newsreader Sir Trevor McDonald is endangering his health after he revealed he often drinks a bottle of...

    Articles 2008-07-06

  • 'There's never been a great woman artist'

    So says the critic Brian Sewell, and the art market seems to agree, with men's work commanding millions more at auction. By Andrew Johnson Women artists face prejudice and discrimination, with their works selling for a fraction of the price of their male...

    Articles 2008-07-06

  • Rare J.K. Rowling book goes on display in Tokyo

    TOKYO AFP — Online bookseller Amazon on Thursday gave Japanese fans a glimpse of J.K. Rowling's first book since the phenomenally successful Harry Potter series, which it bought for four million dollars. "The Tales of Beedle the Bard" is one of seven handmade books by the...

    Articles 2008-07-03

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  • Incorporated: 1983
  • CEO: Mr. William F. Ruprecht

Sotheby's and its subsidiaries are auctioneers of authenticated fine art, antiques and decorative art, jewelry and collectibles. Co.'s main role as an auctioneer is to identify, evaluate and appraise works of art; to stimulate purchaser interest; and to match sellers and buyers through the auction process. In addition to auctioneering, Co.'s Auction segment is engaged in a number of related activities, such as the brokering of private purchases and sales of fine art, jewelry and collectibles. Co. also operates as a dealer in works of art via its Dealer segment, conducts art-related financing activities via its Finance segment and is engaged, to a lesser extent, in licensing activities.

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Sotheby's Company Info

Board of Directors

Mr. Michael I. Sovern

Chairman

Mr. Dennis M. Weibling

Mr. Robin G. Woodhead

The Duke of Devonshi

Deputy Chairman

Mr. John M. Angelo

Lord Michael Blakenham

Mr. Allen Questrom

Mr. William F. Ruprecht

Mr. Donald M. Stewart

Mr. Robert S. Taubman

Ms. Diana L. Taylor

Contact Information

38500 Woodward Avenue

Suite 100

Bloomfield Hills, MI

http://www.sothebys.com

248 646-2400

NAICS Code

Art Dealers: 453920
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