Sotheby's believes that one man's collection is another man's treasure -- especially when that collection is a rare antique, a unique collectible, or a distinctive work of art. Along with rival Christie's International, Sotheby's dominates the world's auction house market. It orchestrates hundreds of sales each year at its auction centers, dealing mainly in fine art, antiques, and collectibles. Sotheby's receives commissions and fees from both the buyer and the seller on each sale. It also provides loans (secured against works of art) to clients as part of its finance services. Sotheby's agreed to be acquired by the billionaire art collector and founder of French telecoms giant Altice, Patrick Drahi, in 2019 for £2.9 billion.
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- ASSETS (MIL USD) 2,689
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- Year Started 1744
- Incorporated 2006
- FISCAL YEAR END DEC
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Charles F StewartChief Executive Officer
DOMENICO DE SOLEChairman of the Board
MICHAEL GOSSExecutive Vice President and Chief Financial Officer
JONATHAN A OLSOFFExecutive Vice President and Principal and General Counsel