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Sotheby's (BID.N)

BID.N on New York Stock Exchange

45.54USD
18 Aug 2017
Change (% chg)

$0.45 (+1.00%)
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Latest Key Developments (Source: Significant Developments)

Sotheby's reports Q2 revenue $314.9 million
Thursday, 3 Aug 2017 07:00am EDT 

Aug 3 (Reuters) - Sotheby's :Sotheby's reports second quarter 2017 financial results.Q2 revenue $314.9 million versus I/B/E/S view $313.9 million.Sotheby's qtrly diluted earnings per share decreased by only 6%, from $1.52 to $1.43.  Full Article

Sotheby's says ‍on July 25, incremental facility maturity date was extended by one year to August 22, 2018, in accordance with terms of credit agreement​
Wednesday, 26 Jul 2017 04:41pm EDT 

July 26 (Reuters) - Sotheby's :Sotheby's - ‍on July 25, incremental facility maturity date was extended by one year to august 22, 2018, in accordance with terms of credit agreement​.  Full Article

Sotheby's says entered first amendment to loan agreement
Wednesday, 21 Jun 2017 04:26pm EDT 

June 21 (Reuters) - Sotheby's :Sotheby's says on June 2, 1334 york, Llc and Sotheby's entered first amendment to loan agreement and guaranty of recourse carveouts - SEC filing.Sotheby's - amendment modifies amount of net worth which Sotheby's must maintain; reduced from $425 million to $325 million.Sotheby's - amendment modifies loan agreement as follows; 1334 york, llc is partially prepaying loan in amount of $32 million on July 3, 2017.Sotheby's -amendment modifies that 1334 york, lcc to make annual prepayments on loan each July from any excess cash flow, in amount not to exceed $25 million.  Full Article

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

BRIEF-Sotheby's reports Q2 revenue $314.9 million

* Q2 revenue $314.9 million versus I/B/E/S view $313.9 million