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Sotheby's operates as an art auction house. It operates through the following segments: Agency, SFS, and All Other. Read More The Agency segment accepts property on consignment, and match sellers to buyers through the auction of private sale process. The SFS segment offers financing packages to clients who wish to obtain immediate access to liquidity from their art assets. The All Other segment comprises of advisory services, retail wine business, and brand licensing activities. The company was founded by Samuel Baker on March 11, 1744 and is headquartered in New York, NY.
New York, New York
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Japan fashion magnate raises over $8 million at Sotheby's auction
FILE PHOTO: Japanese billionaire Yusaku Maezawa, founder and chief executive of online fashion retailer Zozo, who has been chosen as the first private passenger by SpaceX, attends a news conference at the Foreign Correspondents' Club of Japan in Tokyo, Japan, October 9, 2018. REUTERS/Toru Hanai TOKYO (Reuters) - Japanese fashion tycoon Yusaku Maezawa sold art for more than $8 million at a Sotheby’s auction in New York on Thursday night, providing funding to the entrepreneur who previously said he has no mo...
A ‘Big Healey’ Launches Sotheby’s Online Collector Car Auction
Online auctions are an excellent way to sell classic collector cars, as demonstrated by eBay.com and the startup site BringATrailer.com, founded in 2007. eBay’s methodology is well known, but BaT, as its fans call it, isn’t as mainstream. The site initially focused on spotlighting classic and just plain interesting cars for sale on Craigslist and eBay, but it really took off when it began conducting its own auctions. These days, BaT frequently adds more than 40 auctions per day, featuring cars that range f...
A Monet Painting Fetches $110 Million. Will the Superrich Keep Spending on Art?
Text size The spring art season kicked off on Monday in New York, and could produce $1.5 billion of sales in a blockbuster week for auction houses Christie’s, Sotheby’s (ticker: BID), and Phillips. The auctions will give an indication of the health of this luxury market—and how the superrich are feeling. So far, despite trade-war worries and stock-market volatility, they’re feeling pretty amazing. The first major sales went well, with a haystack painting by Claude Monet setting a record at Sotheby’s Impre...
Expected Aug 5, Pre-Market