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About Sotheby’s
Industries
Real Estate
Consumer Goods
Company Size
1,001-5,000
Company Stage
Post IPO Equity
Headquarters
New York City, New York
Founded
1744
Overview
Sotheby's is a global auction house that focuses on selling fine art, luxury items, and collectibles. It serves a variety of clients, including private collectors and investors, by organizing both live and online auctions, as well as private sales where items are sold directly to buyers. Sotheby's generates revenue through commissions on sales and fees for appraisals. The company is recognized for its expertise in valuing rare items and offers online estimates to help sellers gauge the worth of their possessions. Auctions are held in major cities worldwide, attracting a diverse audience of bidders. Sotheby's also curates special collections to showcase unique items and provides private sales for clients seeking a more exclusive experience.
Simplify's Take
What believers are saying
- Increased interest in digital art and NFTs boosts Sotheby's digital collectibles market.
- The WatchCheck partnership enhances luxury watch servicing, attracting high-end collectors.
- Record-breaking whiskey sales highlight a lucrative niche in rare spirits auctions.
What critics are saying
- NFT market volatility threatens Sotheby's digital art and collectibles revenue.
- Closure of Buy Now eCommerce in China indicates challenges in digital sales expansion.
- Recent layoffs suggest financial pressures in Sotheby's traditional auction business.
What makes Sotheby’s unique
- Sotheby's offers both live and online auctions, catering to diverse client preferences.
- The company provides online estimates, aiding potential sellers in valuing their possessions.
- Sotheby's curates special collections, enhancing its appeal to niche luxury markets.
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Funding
Total Funding
$1700M
Above
Industry Average
Funded Over
2 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Sick Leave
Paid Holidays
401(k) Company Match
Professional Development Budget
Company News
NEW YORK, - A one-of-a-kind bottle of Old Rip Van Winkle 'Van Winkle Selection' Kentucky Bourbon Festival Master Distiller's Auction 2007 shattered records at Sotheby's today, achieving $125,000 and becoming the most valuable single bottle of post-prohibition American whiskey ever sold at auction.
Exclusive Jewellery Collaboration byHannah Martin Guy Berrymanin Hong Kong this MonthA Capsule Collection in Blue SapphiresHONG KONG, April 11, 2025 /PRNewswire/ -- On a chance encounter during a flight from Los Angeles to London, British jeweller Hannah Martin spotted Guy Berryman — Coldplay bassist and founder of fashion label APPLIED ART FORMS—wearing one of her early designs. As fate would have it, Berryman had been planning a foray into jewellery for his contemporary clothing brand. This serendipitous meeting sparked A Vanitas, a collaboration born of mutual respect for elevated design and meticulous craftsmanship
Sotheby's unveils $100 million diamond exhibition in Abu Dhabi.
Sotheby's unveils The Mediterranean Blue, a 10-carat diamond poised for a record-breaking auction.
Sotheby's has just announced a partnership with WatchCheck, a relatively new but intriguing company that launched last year.
Sotheby’s is Hiring for 38 Jobs on Simplify!
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About Sotheby’s
Industries
Real Estate
Consumer Goods
Company Size
1,001-5,000
Company Stage
Post IPO Equity
Headquarters
New York City, New York
Founded
1744
Sotheby’s is Hiring for 38 Jobs on Simplify!
Find jobs on Simplify and start your career today