Edition:
United States

Sotheby's (BID.N)

BID.N on New York Stock Exchange

53.81USD
4:02pm EDT
Change (% chg)

$-0.22 (-0.41%)
Prev Close
$54.03
Open
$53.82
Day's High
$54.20
Day's Low
$53.66
Volume
58,922
Avg. Vol
116,423
52-wk High
$57.93
52-wk Low
$42.78

Latest Key Developments (Source: Significant Developments)

Sotheby's Spring 2018 Hong Kong Sales Total $466.5 Mln
Tuesday, 3 Apr 2018 09:08am EDT 

April 3 (Reuters) - Sotheby's ::SOTHEBY'S SPRING 2018 HONG KONG SALES TOTAL $466.5 MILLION.  Full Article

Sotheby's Extends Share Ownership To Employees Around The World
Tuesday, 27 Mar 2018 09:30am EDT 

March 27 (Reuters) - Sotheby's ::SOTHEBY'S EXTENDS SHARE OWNERSHIP TO EMPLOYEES AROUND THE WORLD.SOTHEBY'S - ‍AS A RESULT OF NEW COMPENSATION PROGRAM, 98% OF GLOBAL EMPLOYEES WILL EITHER OWN SHARES IN SOTHEBY'S, OR WILL RECEIVE CASH UNITS​.SOTHEBY'S - ‍ALL ELIGIBLE EMPLOYEES AROUND WORLD HAVE BEEN GRANTED RESTRICTED STOCK UNITS, REPRESENTING SHARES OF SOTHEBY'S COMMON STOCK, THIS MONTH​.  Full Article

Sotheby’S Reports Q4 Earnings Per Share $1.43
Thursday, 1 Mar 2018 07:00am EST 

March 1 (Reuters) - Sotheby's ::SOTHEBY’S REPORTS 2017 FULL YEAR AND FOURTH QUARTER FINANCIAL RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $1.47.Q4 EARNINGS PER SHARE $1.43.BOARD APPROVES $100 MILLION INCREASE TO SHARE REPURCHASE AUTHORIZATION.QTRLY TOTAL REVENUES $315.6 MILLION VERSUS $308.7 MILLION.Q4 EARNINGS PER SHARE VIEW $1.34, REVENUE VIEW $311.3 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

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

Photo

Flawless white diamonds, among largest ever offered, to go on sale

LONDON Two flawless white diamonds each weighing in at more than 50 carats are expected to fetch more than $15 million when they are auctioned in May, auctioneers Sotheby's Diamonds said on Friday.