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Sotheby's (BID.N)

BID.N on New York Stock Exchange

48.36USD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

Sotheby's Announces Acquisition Of Viyet
Tuesday, 13 Feb 2018 09:00am EST 

Feb 13 (Reuters) - Sotheby's ::SOTHEBY'S - ANNOUNCES ACQUISITION OF VIYET, ONLINE MARKETPLACE FOR INTERIOR DESIGN.SOTHEBY'S - VIYET TEAM, LED BY CEO ELIZABETH BROWN, WILL JOIN SOTHEBY'S, WHILE MAINTAINING THEIR BRAND AND BUSINESS OPERATION.SOTHEBY'S - PURCHASE PRICE OF VIYET WAS NOT MATERIAL TO COMPANY.  Full Article

Sotheby's ‍Acquires Thread Genius
Thursday, 25 Jan 2018 09:00am EST 

Jan 25 (Reuters) - Sotheby's ::SOTHEBY'S - ‍ACQUISITION OF THREAD GENIUS, A STARTUP SPECIALIZING IN TASTE-BASED IMAGE RECOGNITION AND RECOMMENDATION TECHNOLOGIES​.SOTHEBY'S - ‍THREAD GENIUS WAS FOUNDED BY ANDREW SHUM AND AHMAD QAMAR, BOTH OF WHOM WILL BE JOINING SOTHEBY'S​.  Full Article

Sotheby’s Prices $400 Million Of Senior Notes Due 2025
Thursday, 7 Dec 2017 04:37pm EST 

Dec 7 (Reuters) - Sotheby's ::SOTHEBY’S PRICES $400 MILLION OF SENIOR NOTES DUE 2025.SOTHEBY'S - PRICING OF $400 MILLION OF ITS SENIOR UNSECURED NOTES DUE 2025 THROUGH AN OFFERING TO QUALIFIED INSTITUTIONAL BUYERS.SOTHEBY'S - NOTES WILL BE SOLD TO INVESTORS AT A PRICE OF 100% OF PRINCIPAL AMOUNT THEREOF, PLUS ACCRUED INTEREST FROM DECEMBER 12, 2017.SOTHEBY'S - NOTES WILL PAY INTEREST SEMIANNUALLY AT A RATE OF 4.875% PER ANNUM AND WILL MATURE ON DECEMBER 15, 2025.  Full Article

Sotheby’S Announces Proposed Offering Of $400 Mln Of Senior Notes Due 2025
Thursday, 7 Dec 2017 06:57am EST 

Dec 7 (Reuters) - Sotheby's ::SOTHEBY’S ANNOUNCES PROPOSED OFFERING OF $400 MILLION OF SENIOR NOTES DUE 2025.SOTHEBY'S - TO USE PROCEEDS OF OFFERING TO REDEEM 5.25% SENIOR NOTES DUE 2022 AT PRICE OF 102.625% PLUS ACCRUED, UNPAID INTEREST TO REDEMPTION DATE.  Full Article

Sotheby's Q3 loss per share $0.45
Friday, 3 Nov 2017 07:00am EDT 

Nov 3 (Reuters) - Sotheby's -:Sotheby’S reports third quarter 2017 financial results.Q3 loss per share $0.45.Q3 earnings per share view $-0.68 -- Thomson Reuters I/B/E/S.Sotheby's - qtrly total revenues $‍171.4 million versus $91.5 million​.Q3 revenue view $108.7 million -- Thomson Reuters I/B/E/S.  Full Article

Sotheby's provides notice to lenders to reduce borrowing capacity of SFS credit facility to $800 mln eff. Oct 2, 2017 - SEC filing​
Monday, 2 Oct 2017 07:28am EDT 

Oct 2 (Reuters) - Sotheby's : :Sotheby's -‍ On Sept 27, co provided notice to lenders to reduce borrowing capacity of SFS credit facility to $800 million effective Oct 2, 2017 - SEC filing​.  Full Article

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

Photo

'Rarest white diamond ever' to be sold in London

LONDON A flawless diamond, the size of a large strawberry, is expected to fetch a world record price when it comes to market at Sotheby's in London this month.