Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $45.38 USD
Change Today +0.11 / 0.24%
Volume 366.3K
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

sotheby's (BID) Snapshot

Open
$45.16
Previous Close
$45.27
Day High
$45.43
Day Low
$44.93
52 Week High
05/20/15 - $45.68
52 Week Low
10/2/14 - $34.74
Market Cap
3.2B
Average Volume 10 Days
874.2K
EPS TTM
$2.20
Shares Outstanding
69.5M
EX-Date
05/28/15
P/E TM
20.6x
Dividend
$0.40
Dividend Yield
0.88%
Current Stock Chart for SOTHEBY'S (BID)

sotheby's (BID) Details

Sotheby’s, one of the oldest auction houses in the world, is an auctioneer of various properties including fine art, antiques, decorative art, jewelry, and collectibles. The New York company’s finance subsidiary offers certain collectors and dealers financing, primarily secured by works of art. It is also involved in licensing activities. Sotheby’s dealer segment sells works of art directly to private collectors and museums and acts as a broker in private purchases and sales of art. Sotheby’s, founded in 1744, operates principally in the U.S, Britain, and China.

1,550 Employees
Last Reported Date: 03/2/15
Founded in 1744

sotheby's (BID) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $600.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $625.0K
Chief Executive Officer of Asia
Total Annual Compensation: $689.2K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $633.4K
Executive Vice President of Global Auction Tr...
Total Annual Compensation: $535.0K
Compensation as of Fiscal Year 2014.

sotheby's (BID) Key Developments

Sotheby's Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Sotheby's reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company’s total revenues were $155,675,000 compared to $156,811,000 a year ago. Operating income was $18,404,000 compared to $4,091,000 a year ago. Income before taxes was $7,913,000 compared to loss before income tax of $5,718,000 a year ago. Net income was $5,133,000 compared to net loss of $5,895,000 a year ago. Net income attributable to company was $5,202,000 or $0.07 per share compared to net loss of $6,114,000 or $0.09 per share a year ago. Adjusted operating income was $22,234,000 compared to $9,794,000 a year ago. Adjusted net income was $7,423,000 compared to net loss of $2,977,000 a year ago. Adjusted diluted earnings per share $0.11 against adjusted loss per share of $0.04 for the same period a year ago. This improvement in adjusted operating income was principally due to an 8% increase in auction commission revenues, attributable to improved auction commission margins, and 3% growth in Net Auction Sales. The improvement in auction commission margin is primarily due to the change in the buyer's premium rate structure enacted on 1 February 2015 and a lower level of buyer's premium shared with consignors. The comparison of first quarter Adjusted Operating Income versus the prior year also benefits from the continued growth of Sotheby's Financial Services loan portfolio, as well as a lower level of professional fees. The improvement in net income was due to $3.1 million income tax charge recorded in the prior year quarter related to the enactment of new legislation in New York State.

Sotheby's Declares Second Quarter Dividend, Payable on June 15, 2015

The board of directors of Sotheby's has declared a quarterly dividend of $0.10 for the second quarter of 2015. The second quarter dividend is payable on June 15, 2015 to shareholders of record as of June 1, 2015.

Sotheby's, Q1 2015 Earnings Call, May 11, 2015

Sotheby's, Q1 2015 Earnings Call, May 11, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BID:US $45.38 USD +0.11

BID Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Jones Lang LaSalle Inc $171.79 USD +1.22
Realogy Holdings Corp $46.49 USD +0.02
Scholium Group Plc 42.00 GBp +1.00
Spectrum Group International Inc $603.00 USD 0.00
View Industry Companies
 

Industry Analysis

BID

Industry Average

Valuation BID Industry Range
Price/Earnings 24.7x
Price/Sales 3.3x
Price/Book 3.7x
Price/Cash Flow 21.1x
TEV/Sales 1.9x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact SOTHEBY'S, please visit www.sothebys.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.