OverviewSuggest Edit

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).
TypePublic
Founded1744
HQNew York, US
Websitesothebys.com
Employee Ratings3.3

Latest Updates

Employees (est.) (Dec 2018)1,713(+4%)
Job Openings41
Revenue (FY, 2018)$891.8 M(-9%)
Share Price (Mar 2019)$39.4 (-2%)

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
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 $891.77 m in FY, 2018
USD

Revenue (FY, 2018)

891.8m

Gross profit (FY, 2018)

707.3m

Gross profit margin (FY, 2018), %

79.3%

Net income (FY, 2018)

108.6m

EBIT (FY, 2018)

181.3m

Market capitalization (22-Mar-2019)

1.8b

Closing stock price (22-Mar-2019)

39.4

Cash (31-Dec-2018)

178.6m

EV

2.3b
Sotheby's's current market capitalization is $1.8 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

853.7m938.1m961.5m805.4m989.4m891.8m

Revenue growth, %

10%2%(16%)

Cost of goods sold

184.5m

Gross profit

707.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

107.9m156.8m335.8m94.2m155.7m332.0m138.0m106.5m298.7m91.5m187.5m314.9m171.4m195.8m345.6m119.2m

Sales and marketing expense

3.1m4.1m4.7m3.8m5.0m4.4m4.1m5.9m6.0m5.9m5.7m6.3m4.8m

General and administrative expense

40.6m37.3m38.2m37.8m34.7m44.7m38.1m35.7m40.9m39.4m39.0m43.4m42.5m43.8m45.7m42.3m

Operating expense total

142.2m152.7m205.4m131.7m137.3m215.5m159.7m138.5m168.6m158.4m200.4m199.5m211.2m188.9m261.8m149.8m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

721.3m693.8m848.7m496.0m544.4m178.6m

Accounts Receivable

812.6m913.7m875.3m433.6m795.2m978.1m

Inventories

192.1m34.1m215.0m159.0m74.5m43.6m

Current Assets

2.0b2.0b2.1b1.3b1.9b1.4b
Quarterly
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

130.0m117.8m43.5m74.0m

Depreciation and Amortization

19.4m20.6m19.5m21.8m24.1m27.0m

Inventories

(83.2m)(9.6m)(18.8m)29.7m73.7m19.3m

Accounts Payable

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

Net Income

39.3m(6.1m)77.6m(27.7m)5.1m67.5m(17.9m)(25.9m)88.9m(54.5m)(11.3m)

Depreciation and Amortization

14.2m5.1m10.2m15.4m4.8m9.6m14.4m5.3m10.8m16.2m5.4m11.1m16.8m7.1m14.4m20.2m

Inventories

(1.5m)(1.6m)(34.5m)(38.5m)(54.0m)(16.3m)4.0m(500.0k)20.6m5.1m21.0m88.4m7.0m33.7m11.3m

Cash From Operating Activities

(54.5m)(268.1m)(63.6m)(249.8m)(66.3m)(96.7m)(303.2m)(47.1m)(99.8m)(17.5m)56.4m(73.6m)(155.6m)16.8m(257.6m)
USDY, 2018

EV/EBIT

12.7 x

EV/CFO

-29.5 x

EV/FCF

-17.1 x

Revenue/Employee

520.6k

Financial Leverage

6.1 x
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Sotheby's Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Thread GeniusJanuary 26, 2018
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Sotheby's Online and Social Media Presence

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Sotheby's News and Updates

Sotheby's Contemporary Art Sales This Week in London Total $144 Million

LONDON, March 6, 2019 /PRNewswire/ -- Sotheby's (NYSE: BID) spring sale series of Contemporary Art achieved a total of $144 million, well above the low estimate of $117 million. The two-day series was led by the Evening Sale, which achieved a total of $122 million with an impressive sell...

Sotheby's International Realty Integrates Affiliate Network And Company-Owned Brokerage Into One Global Organization

MADISON, N.J., March 5, 2019 /PRNewswire/ -- Sotheby's International Realty today announced a strategic business move to integrate the company's affiliate network and company-owned brokerage as one global organization to be led by President and Chief Executive Officer, Philip White. White ...

Sotheby's profit, revenue rise above expectations

Sotheby's reported Thursday a fourth-quarter profit and revenue that rose above expectations. The stock was still inactive in premarket trade. Net income increased to $85.7 million, or $1.75 a share, from $76.7 million, or $1.44 a share, in the same period a year ago. The FactSet consensus for earn…

The 15 most expensive watches and accessories sold in Sotheby's Geneva auction, ranked

Sotheby's 2019 Geneva online watch auction ended on February 25. The top 15 most expensive lots sold include two items each from high-end Swiss manufacturers Patek Philippe, Vacheron Constantin, and Rolex. The two Patek Philippe items — a watch and a set of gold lighters — claimed the top two spo…

Zeitlin Sotheby's International Realty Launches Comprehensive Online Marketing Strategy With Adwerx Enterprise Automated Listings

DURHAM, N.C., Feb. 21, 2019 /PRNewswire/ -- Zeitlin Sotheby's International Realty (Zeitlin SIR) is now running automated ads for its newly listed properties. The program is powered by the Adwerx Enterprise Automated Listing Advertising Program. Adwerx is the leader in providing easy and...

India Sotheby's International Realty appoints Samir Saran as managing partner, director

India Sotheby's International Realty, which markets luxury properties, Monday said it has appointed Samir Saran as managing partner to drive the company's growth. Saran, who has over two decades of exposure in real estate and financial services, has also been inducted as a director to the board, the…
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Sotheby's Frequently Asked Questions

  • When was Sotheby's founded?

    Sotheby's was founded in 1744.

  • How many employees does Sotheby's have?

    Sotheby's has 1,713 employees.

  • What is Sotheby's revenue?

    Latest Sotheby's annual revenue is $891.8 m.

  • What is Sotheby's revenue per employee?

    Latest Sotheby's revenue per employee is $520.6 k.

  • Who are Sotheby's competitors?

    Competitors of Sotheby's include White Cube, TurningArt and ATG Media.

  • Where is Sotheby's headquarters?

    Sotheby's headquarters is located at 1334 York Ave, New York.

  • Where are Sotheby's offices?

    Sotheby's has offices in New York, Hong Kong, Genève, Milano and in 2 other locations.

  • How many offices does Sotheby's have?

    Sotheby's has 6 offices.