Sotheby's

Sotheby’s has been uniting collectors with world-class works of art since 1744. Sotheby’s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby’s presents auctions in 10 different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby’s BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby’s offers collectors the resources of Sotheby’s Financial Services, the world’s only full-service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Contemporary Art department, and two retail businesses, Sotheby’s Diamonds and Sotheby’s Wine. Sotheby’s has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).
Type
Public
HQ
New York, US
Founded
1744
Size (employees)
1,617 (est)+2%
Sotheby's was founded in 1744 and is headquartered in New York, US

Sotheby's Office Locations

Sotheby's has offices in New York, Central And Western District, Genève, Milano and in 2 other locations
New York, US (HQ)
1334 York Ave
Zürich, CH
83 Talstrasse
Montastruc-de-Salies, FR
8 Paris
Milano, IT
16 Via Gabrio Serbelloni
Genève, CH
13 Quai du Mont-Blanc
Central And Western District, HK
One Pacific Place 88 Queensway

Sotheby's Metrics

Sotheby's Financial Metrics

Revenue (2016)

$805.4 m

Revenue growth (2015-16), %

(16%)

Net income (2016)

$74 m

Market capitalization (21-Mar-2017)

$2.5 b

Closing share price (21-Mar-2017)

$47.3

Cash (31-Dec-2016)

$496 m
Sotheby's's current market capitalization is $2.5 b.
Sotheby's's revenue was reported to be $805.4 m in FY, 2016 which is a 16.2% decrease from the previous period.
FY, 2013FY, 2014FY, 2015FY, 2016

Revenue

$853.7 m$938.1 m$961.5 m$805.4 m

Revenue growth, %

10%2%(16%)

Operating expense total

$631.1 m$712 m$759.8 m$682.8 m

EBIT

$222.6 m$226 m$201.7 m$122.6 m

EBIT margin, %

26%24%21%15%

Interest expense

$42.7 m$35.2 m$32.7 m$30.3 m

Interest income

$2.8 m$1.9 m$1.8 m$1.3 m

Pre tax profit

$185.7 m$193 m$169.3 m$96.7 m

Income tax expense

$55.7 m$75.8 m$131.1 m$26 m

Net Income

$130 m$118 m$43.5 m$74 m
FY, 2013FY, 2014FY, 2015FY, 2016

Cash

$721.3 m$693.8 m$848.7 m$496 m

Accounts Receivable

$812.6 m$913.7 m$875.3 m$433.6 m

Inventories

$25.2 m$34.1 m$33.9 m$76.6 m

Current Assets

$2 b$2 b$2.1 b$1.3 b

Goodwill

$50 m

Total Assets

$2.9 b$3.1 b$3.3 b$2.5 b

Accounts Payable

Current Liabilities

$1.1 b$1.4 b$1.2 b$743 m

Additional Paid-in Capital

$387.5 m$408.9 m$435.7 m$444.6 m

Retained Earnings

$790.6 m$569.9 m$586.2 m$660.3 m

Total Equity

$1.1 b$878.2 m$806.7 m$505.6 m

Financial Leverage

2.5 x3.6 x4.1 x5 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$130 m$117.8 m$43.5 m$74 m

Depreciation and Amortization

$19.4 m$20.6 m$19.5 m$21.8 m

Accounts Receivable

($190 m)($180 m)($14 m)$437 m

Inventories

($2.7 m)($9.6 m)($6.6 m)$29.7 m

Accounts Payable

Cash From Operating Activities

$237.4 m$44.3 m$155.1 m$158.4 m

Capital Expenditures

($23.5 m)($10.9 m)($11.3 m)($21.4 m)

Cash From Investing Activities

($91.1 m)($128.6 m)($16.7 m)($120.4 m)

Short-term Borrowings

($197.4 m)

Dividends Paid

($13.8 m)($331.5 m)($29.8 m)($1.7 m)

Cash From Financing Activities

($202.3 m)$72.2 m$25.7 m($356.3 m)

Free Cash Flow

$260.9 m$55.1 m$166.4 m$179.7 m

Sotheby's Market Value History

Sotheby's Median Salaries

Source: 45 public H-1B filings from Sotheby's

Sotheby's Online Presence

Sotheby's News

Sotheby's Company Life

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