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Sotheby's (BID.N)

BID.N on New York Stock Exchange

53.03USD
26 May 2017
Change (% chg)

$0.01 (+0.02%)
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$53.02
Open
$53.08
Day's High
$53.66
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$52.92
Volume
76,869
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159,964
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$53.67
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$25.88

Latest Key Developments (Source: Significant Developments)

Sotheby’s Q1 loss per share $0.21
Wednesday, 10 May 2017 07:00am EDT 

May 10 (Reuters) - Sotheby's :sotheby’s reports first quarter 2017 financial results.Q1 loss per share $0.21.Q1 earnings per share view $-0.38 -- Thomson Reuters I/B/E/S.Sotheby's - see signs of strengthening in consignments for upcoming sales of impressionist, modern and contemporary art in new york that take place next week.Sotheby's qtrly revenues $187.5 million versus 106.5 million.Q1 revenue view $111.7 million -- Thomson Reuters I/B/E/S.  Full Article

Sotheby's CEO Thomas Smith's FY 2016 total compensation was $6.04 Mln
Wednesday, 29 Mar 2017 03:07pm EDT 

Sotheby's : CEO Thomas Smith's FY 2016 total compensation was $6.04 million versus $18.65 million in FY 2015 - sec filing .CEO Thomas Smith's FY 2015 total compensation includes $16.5 million of stock awards.  Full Article

Sotheby's says it has adopted rule 10b5-1 plan for purpose of repurchasing shares of its common stock
Tuesday, 7 Mar 2017 04:24pm EST 

Sotheby's : Says it has adopted a rule 10b5-1 plan for purpose of repurchasing shares of its common stock .Sotheby's says the repurchase of shares is to offset shares recently granted by company as equity compensation for executive and other officers.  Full Article

Sotheby's posts Q4 earnings per share of $1.20
Monday, 27 Feb 2017 07:00am EST 

Sotheby's : sotheby’s reports fourth quarter and full year 2016 financial results . Q4 earnings per share $1.20 . Q4 earnings per share view $1.17 -- Thomson Reuters I/B/E/S . Q4 adjusted earnings per share $1.35 .Sotheby's - unaudited qtrly revenues $308.7 million versus $335.8 million.  Full Article

Sotheby's and Artmyn to collaborate on an exclusive digital pilot project in 2017
Thursday, 26 Jan 2017 09:30am EST 

Sotheby's :Sotheby's - sotheby's and Artmyn to collaborate on an exclusive digital pilot project in 2017.  Full Article

Sotheby’s appoints Linus Cheung to board
Monday, 7 Nov 2016 07:00am EST 

Sotheby's : Sotheby's says Linus Wing Lam Cheung is retired chief executive officer of Hong Kong Telecom . Sotheby's says in connection with cheung's appointment, sotheby's and Taikang insurance group, have entered into an agreement . Sotheby's says Taikang has agreed it will not increase its ownership position beyond 15% for a period of three years, subject to certain conditions .Linus W. L. Cheung appointed to sotheby’s board of directors.  Full Article

Sotheby's says increases share buyback by $75 mln
Tuesday, 4 Oct 2016 01:04pm EDT 

Sotheby's : Company's Payments Under Share Repurchase Agreement Were Funded With Cash On Hand. . Entered Into A Share Repurchase Agreement With Funds Managed By Marcato Capital Management LP . Agreed To Purchase 2 Million Shares Of Co's Common Stock For $73.8 Million . On September 30, 2016, Company's Board Of Directors Approved A $75 Million Increase To Company's $325 Million Share Repurchase Authorization . Approximately $40 Million Remains Authorized And Unused Under Company's Increased Share Repurchase Authorization Source (http://bit.ly/2d0DVPN) Further company coverage: [BID.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Third Point Llc ups stake in Sotheby's to 12.1 pct as of Aug. 15
Tuesday, 16 Aug 2016 05:22pm EDT 

Third Point Llc:Third Point Llc increases stake in Sotheby's to 12.1 pct as of Aug 15, 2016 from 10.75 pct as of Feb 26, 2016 - SEC filing.  Full Article

Sotheby's Q2 earnings per share $1.52
Monday, 8 Aug 2016 07:00am EDT 

Sotheby's : Sotheby's reports second quarter 2016 financial results . Q2 earnings per share $1.52 . Q2 adjusted earnings per share $1.51 .Qtrly total revenues $298.7 million versus $332 million.  Full Article

Sotheby's says incremental credit facility maturity date extended by a year
Thursday, 28 Jul 2016 09:11am EDT 

Sotheby's : Sotheby's and certain of its wholly-owned subsidiaries are parties to a credit agreement dated august 22, 2014 - SEC filing .On July 22, incremental facility maturity date was extended by one year to August 22, 2017, in accordance with terms of credit agreement.  Full Article

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Two works break $50 million barrier at Christie's $448 million contemporary sale

NEW YORK Works by Francis Bacon and Cy Twombly each sold for more than $50 million at Christie's on Wednesday, helping drive a $448 million sale of contemporary art that met expectations in an uncertain market.