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).
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Type
Public
HQ
New York, US
Founded
1744
Size (employees)
1,617 (est)
Sotheby's was founded in 1744 and is headquartered in New York, US
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Sotheby's Office Locations

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

Sotheby's Revenue

Sotheby's's revenue was reported to be $989.39 m in FY, 2017
USD

Revenue (Q1, 2018)

195.8 m

Net income (Q1, 2018)

(6.5 m)

EBIT (Q1, 2018)

6.9 m

Market capitalization (11-Jul-2018)

2.9 b

Closing share price (11-Jul-2018)

55.7

Cash (31-Mar-2018)

335.7 m

EV

3.2 b
Sotheby's's current market capitalization is $2.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

853.7 m938.1 m961.5 m805.4 m989.4 m

Revenue growth, %

10%2%(16%)

Sales and marketing expense

19.7 m25.4 m

General and administrative expense

161.4 m173 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

107.9 m156.8 m335.8 m94.2 m155.7 m138 m106.5 m187.5 m195.8 m

Sales and marketing expense

3.1 m4.1 m3.8 m5 m5.9 m5.7 m

General and administrative expense

40.6 m37.3 m38.2 m37.8 m34.7 m38.1 m35.7 m39 m43.8 m

Operating expense total

142.2 m152.7 m205.4 m131.7 m137.3 m159.7 m138.5 m200.4 m188.9 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

721.3 m693.8 m848.7 m496 m544.4 m

Accounts Receivable

812.6 m913.7 m875.3 m433.6 m795.2 m

Inventories

25.2 m34.1 m33.9 m159 m74.5 m

Current Assets

2 b2 b2.1 b1.3 b1.9 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

483.2 m322.2 m576.4 m419.6 m381.1 m613.7 m602.1 m414 m475.3 m405.8 m514.9 m516.4 m335.7 m

Inventories

98.4 m177.6 m218.9 m209.7 m258.8 m258 m218.3 m205.5 m205.1 m179.6 m150.8 m131.2 m65.3 m

Current Assets

1.1 b1.3 b2 b1.4 b1.3 b1.9 b1.3 b1.3 b1.6 b1.2 b1.3 b1.7 b1.3 b

Goodwill

47.8 m47.9 m47.8 m50.1 m50.4 m55.8 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

130 m117.8 m43.5 m74 m

Depreciation and Amortization

19.4 m20.6 m19.5 m21.8 m24.1 m

Inventories

(2.7 m)(9.6 m)(6.6 m)29.7 m73.7 m

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(30.1 m)(5.9 m)77.6 m(27.7 m)5.1 m67.5 m(17.9 m)(25.9 m)88.9 m(54.5 m)(11.3 m)

Depreciation and Amortization

4.9 m5.1 m5.1 m5.2 m4.8 m9.6 m14.4 m5.3 m10.8 m16.2 m5.4 m7.1 m

Inventories

(54 m)(16.3 m)4 m(500 k)20.6 m150.8 m7 m

Cash From Operating Activities

(66.3 m)(96.7 m)(303.2 m)(47.1 m)(99.9 m)(155.6 m)
USDY, 2018

EV/EBIT

464.7 x

EV/CFO

-20.6 x

EV/FCF

-19.5 x

Financial Leverage

4.1 x
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Sotheby's Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Thread Genius (4)January 26, 2018
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Sotheby's Online and Social Media Presence

Embed Graph
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Sotheby's Company Life and Culture

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