Sotheby’s

Auction house for fine art

New York City, New York, United States

About Sotheby’s

Sotheby's is a global auction house that specializes in selling fine art, luxury items, and collectibles through live and online auctions, as well as private sales. The company provides online estimates to help sellers determine the value of their items, which is a key differentiator from competitors. Sotheby's holds auctions in major cities worldwide, attracting a diverse audience and ensuring a competitive market for high-end items. The goal is to connect buyers and sellers in the luxury market while offering a personalized and discreet experience.

New York City, New YorkHeadquarters
1744Year Founded
$4MTotal Funding
POST_IPO_EQUITYCompany Stage
Real Estate, Consumer GoodsIndustries
1,001-5,000Employees

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

Risks

NFT market volatility poses financial risks for Sotheby's digital collectibles sales.
Recent staff layoffs indicate potential financial instability or auction performance downturn.
The $100 million Breuer building acquisition could strain financial resources if unprofitable.

Differentiation

Sotheby's offers both live and online auctions, catering to diverse client preferences.
The company provides private sales for clients seeking privacy and exclusivity in transactions.
Sotheby's expertise in valuing rare items attracts high-end collectors and investors.

Upsides

Sotheby's collaboration with The Luxury Group offers unique luxury auction experiences.
The acquisition of the Breuer building enhances Sotheby's brand and auction venue prestige.
Sotheby's acceptance of cryptocurrency payments attracts crypto-wealthy buyers.

Funding

Total raised$4.01 M
StagePOST_IPO_EQUITY
POST IPO EQUITY
7/31/2024
$1.0 K
POST IPO DEBT
3/31/2024
$700