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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Employee Rating

3.3More
TypePublic
HQNew York, US
Founded1744
Size (employees)1,617 (est)
Websitesothebys.com
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 New York, Zürich, Montastruc-de-Salies, Milano and in 2 other locations
New York, (HQ)
1334 York Ave
Montastruc-de-Salies,
8 Paris
Hong Kong,
One Pacific Place 88 Queensway
Milano,
16 Via Gabrio Serbelloni
Genève,
13 Quai du Mont-Blanc
Zürich,
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 (Q3, 2018)

119.2m

Net income (Q3, 2018)

(27.8m)

EBIT (Q3, 2018)

(30.7m)

Market capitalization (4-Dec-2018)

2.0b

Closing stock price (4-Dec-2018)

40.0

Cash (30-Sep-2018)

156.3m

EV

2.5b
Sotheby's's current market capitalization is $2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

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

Revenue growth, %

10%2%(16%)

Sales and marketing expense

22.5m19.3m19.7m25.4m

General and administrative expense

176.8m159.1m161.4m173.0m
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, 2017

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

Net Income

130.0m117.8m43.5m74.0m

Depreciation and Amortization

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

Inventories

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

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

-80.1 x

EV/CFO

-9.5 x

EV/FCF

-8.4 x

Debt/Equity

1.4 x

Debt/Assets

0.3 x

Financial Leverage

4.9 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 eliminating the chief operating officer role

Sotheby's said Monday that it will eliminate the chief operating officer role when Adam Chinn steps down from the position at the end of the year. In place of the COO, the auction house has appointed John Cahill chief commercial officer, overseeing global deal-making, and Ken Citron has been named …

Sotheby's Announces The Appointment Of John Cahill As EVP, Chief Commercial Officer & Ken Citron As EVP, Operations & Chief Transformation Officer

NEW YORK, Dec. 3, 2018 /PRNewswire/ -- Sotheby's (NYSE: BID) is pleased to announce the appointment of John Cahill to the role of Executive Vice President, Chief Commercial Officer, and Ken Citron to the role of Executive Vice President, Operations & Chief Transformation Officer. The two...

Sotheby's India debut gets lukewarm response, misses sales estimate

The auction was watched closely by sector experts as it comes at a time when other major names such as Christie's have pulled out of the country

Sotheby's maiden sale fetches record price in India for Sher-Gil's 'The Little Girl in Blue'

Amrita Sher-Gil's "The Little Girl in Blue" fetched a whopping Rs 18.69 crore at Sotheby's maiden auction in India -- "Boundless:India", setting a record price for the artist in the country. The 1934 artwork, a portrait of Sher-Gil's then eight-year-old cousin Babit, was estimated at Rs 8.5 crore - …

Hot Rods, Racers, and Supercars Set For RM Sotheby's Los Angeles Auction at the Petersen Automotive Museum

CULVER CITY, Calif., Nov. 29, 2018 /PRNewswire/ -- RM Sotheby's, the world's largest auction house for investment-quality automobiles, will hold its final sale of 2018 at the Petersen Automotive Museum in Los Angeles. This marks the first auction held at the Petersen following its $90...
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Sotheby's Company Life and Culture

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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 1,617 employees.

  • What is Sotheby's revenue?

    Latest Sotheby's annual revenue is $989.4 m.

  • What is Sotheby's revenue per employee?

    Latest Sotheby's revenue per employee is $611.9 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, Zürich, Montastruc-de-Salies, Milano and in 2 other locations.

  • How many offices does Sotheby's have?

    Sotheby's has 6 offices.