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
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

Sotheby's Financials and Metrics

Sotheby's Financials

Sotheby's's revenue was reported to be $805.4 m in FY, 2016
USD

Net income (Q2, 2017)

76.9 m

Market capitalization (11-Dec-2017)

2.7 b

Cash (30-Jun-2017)

516.4 m

EV

2.8 b
Sotheby's's current market capitalization is $2.7 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

107.9 m156.8 m335.8 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

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

Operating expense total

142.2 m152.7 m205.4 m131.7 m137.3 m159.7 m138.5 m200.4 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

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

Goodwill

47.8 m47.9 m47.8 m50.1 m50.4 m
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

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 m

Accounts Receivable

81.7 m626.7 m369 m34.6 m441.1 m

Inventories

(54 m)(16.3 m)4 m(500 k)20.6 m150.8 m
Y, 2017

Financial Leverage

5.2 x
Show all financial metrics

Sotheby's Market Value History

Sotheby's Median Salaries

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

Sotheby's's Web-traffic and Trends

Sotheby's Online and Social Media Presence

Sotheby's Company Life and Culture

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