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).
Company Growth (employees)
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

Sotheby's Office Locations

Sotheby's has offices in New York, Hong Kong, 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
Hong Kong, HK
One Pacific Place 88 Queensway

Sotheby's Data and Metrics

Sotheby's Financial Metrics

Sotheby's's revenue was reported to be $187.5 m in Q1, 2017
USD

Revenue (Q1, 2017)

187.5 m

Net income (Q1, 2017)

(11.3 m)

EBIT (Q1, 2017)

(12.9 m)

Market capitalization (18-Aug-2017)

2.4 b

Cash (31-Mar-2017)

514.9 m
Sotheby's's current market capitalization is $2.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

853.7 m938.1 m961.5 m805.4 m

Revenue growth, %

10%2%(16%)

Sales and marketing expense

19.7 m

General and administrative expense

161.4 m

Operating expense total

631.1 m712 m759.8 m682.8 m

EBIT

222.6 m226 m201.7 m122.6 m

EBIT margin, %

26%24%21%15%

Interest expense

42.7 m35.2 m32.7 m30.3 m

Interest income

2.8 m1.9 m1.8 m1.3 m

Pre tax profit

185.7 m193 m169.3 m96.7 m

Income tax expense

55.7 m75.8 m131.1 m26 m

Net Income

130 m118 m43.5 m74 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

335.8 m94.2 m155.7 m138 m106.5 m187.5 m

Sales and marketing expense

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

General and administrative expense

38.2 m37.8 m34.7 m38.1 m35.7 m39 m

Operating expense total

38.2 m40.9 m38.8 m41.9 m40.7 m44.9 m

EBIT

130.4 m(37.5 m)18.4 m(21.7 m)(32 m)(12.9 m)

EBIT margin, %

39%(40%)12%(16%)(30%)(7%)

Interest expense

(8.8 m)(8.8 m)(8.7 m)(7.4 m)(7.5 m)(7.5 m)

Interest income

402 k621 k129 k479 k396 k257 k

Pre tax profit

(30.8 m)(39.1 m)

Income tax expense

45.3 m(16.2 m)3.9 m(10.1 m)(12.8 m)(7.3 m)

Net Income

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)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

721.3 m693.8 m848.7 m496 m

Accounts Receivable

812.6 m913.7 m875.3 m433.6 m

Inventories

25.2 m34.1 m33.9 m159 m

Current Assets

2 b2 b2.1 b1.3 b

Goodwill

50 m

Total Assets

2.9 b3.1 b3.3 b2.5 b

Accounts Payable

86 m

Total Debt

598.9 m

Current Liabilities

1.1 b1.4 b1.2 b743 m

Total Liabilities

2 b

Additional Paid-in Capital

387.5 m408.9 m435.7 m444.6 m

Retained Earnings

790.6 m569.9 m586.2 m660.3 m

Total Equity

1.1 b878.2 m806.7 m505.6 m

Debt to Equity Ratio

1.2 x

Debt to Assets Ratio

0.2 x

Financial Leverage

2.5 x3.6 x4.1 x5 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

576.4 m419.6 m381.1 m613.7 m602.1 m414 m475.3 m405.8 m514.9 m

Inventories

218.9 m209.7 m258.8 m258 m218.3 m205.5 m205.1 m179.6 m150.8 m

Current Assets

2 b1.4 b1.3 b1.9 b1.3 b1.3 b1.6 b1.2 b1.3 b

Goodwill

47.8 m47.9 m47.8 m50.1 m

Total Assets

3.1 b2.5 b2.5 b3.1 b2.5 b2.4 b2.8 b2.4 b2.4 b

Accounts Payable

185.2 m89.5 m86.3 m101.3 m89.5 m126.1 m99.7 m94.4 m80.9 m

Current Liabilities

1.3 b804.7 m759.3 m1 b447.1 m554.1 m1 b605.3 m699.4 m

Additional Paid-in Capital

394.3 m398.9 m408.9 m418.8 m400.1 m435.5 m437.1 m439.3 m437.3 m

Retained Earnings

537.6 m502.9 m568.1 m628.6 m604 m560.4 m649.3 m594.8 m649.6 m

Total Equity

877.1 m827.2 m858 m946.7 m787.5 m619.1 m570.3 m515.1 m490.4 m

Financial Leverage

3.5 x3 x2.9 x3.3 x3.2 x3.9 x4.9 x4.6 x4.9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

130 m117.8 m43.5 m74 m

Depreciation and Amortization

19.4 m20.6 m19.5 m21.8 m

Accounts Receivable

(190 m)(180 m)(14 m)437.4 m

Inventories

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

Cash From Operating Activities

237.4 m44.3 m155.1 m158.4 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 m25.7 m(356.3 m)

Free Cash Flow

260.9 m55.1 m166.4 m137 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

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

5.1 m5.2 m4.8 m4.9 m5.3 m5.4 m

Inventories

258 m218.3 m205.5 m205.1 m179.6 m150.8 m
USDY, 2017

Revenue/Employee

116 k

Financial Leverage

4.9 x

Sotheby's Market Value History

Sotheby's Median Salaries

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

Traffic Overview of Sotheby's

Sotheby's Online and Social Media Presence

Sotheby's News and Updates

Gustav Mahler £4.5m manuscript breaks record at Sotheby's

A handwritten score by Gustav Mahler fetches a record-breaking £4.5m at auction.

Sotheby's to exhibit Bowie's art collection ahead of sale

LONDON (AP) — More than 200 pieces from David Bowie's extensive art collection, including works by Damien Hirst and Jean-Michel Basquiat, are to go on public display before being sold at Sotheby's in November.Bowie, a musical and sartorial chameleon, died in January aged 69.…
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Sotheby's Company Life and Culture

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