Sotheby's Company Profile (NYSE:BID)

About Sotheby's (NYSE:BID)

SothebySotheby's is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby's Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong. The Company operates through two segments: Agency and Finance. The Agency segment matches buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process. The Finance segment is engaged in art-related financing activities by making loans that are secured by works of art. The Company's advisory services are classified within All Other segment.

Industry, Sector and Symbol:
  • Sector: Business Services
  • Industry: Antique Dealers
  • Sub-Industry: Specialized Consumer Services
  • Symbol: NYSE:BID
  • CUSIP: 83589810
  • Web:
  • Market Cap: $2.71 billion
  • Outstanding Shares: 52,976,000
Average Prices:
  • 50 Day Moving Avg: $46.10
  • 200 Day Moving Avg: $49.49
  • 52 Week Range: $33.85 - $57.95
  • Trailing P/E Ratio: 40.31
  • Foreward P/E Ratio: 20.98
  • P/E Growth: 1.73
Sales & Book Value:
  • Annual Revenue: $902.62 million
  • Price / Sales: 3.00
  • Book Value: $9.54 per share
  • Price / Book: 5.37
  • EBITDA: $181.17 million
  • Net Margins: 8.49%
  • Return on Equity: 18.72%
  • Return on Assets: 3.80%
  • Debt-to-Equity Ratio: 2.02%
  • Current Ratio: 1.49%
  • Quick Ratio: 1.37%
  • Average Volume: 483,098 shs.
  • Beta: 1.85
  • Short Ratio: 12.87

Frequently Asked Questions for Sotheby's (NYSE:BID)

What is Sotheby's' stock symbol?

Sotheby's trades on the New York Stock Exchange (NYSE) under the ticker symbol "BID."

How will Sotheby's' stock buyback program work?

Sotheby's announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 16th 2017, which permits the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 4.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.

How were Sotheby's' earnings last quarter?

Sotheby's (NYSE:BID) released its quarterly earnings results on Thursday, August, 3rd. The company reported $1.43 EPS for the quarter, missing analysts' consensus estimates of $1.51 by $0.08. The business had revenue of $314.90 million for the quarter, compared to analyst estimates of $313.90 million. Sotheby's had a net margin of 8.49% and a return on equity of 18.72%. The firm's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.51 earnings per share. View Sotheby's' Earnings History.

When will Sotheby's make its next earnings announcement?

Sotheby's is scheduled to release their next quarterly earnings announcement on Monday, November, 6th 2017. View Earnings Estimates for Sotheby's.

Where is Sotheby's' stock going? Where will Sotheby's' stock price be in 2017?

3 brokerages have issued twelve-month price objectives for Sotheby's' stock. Their forecasts range from $56.00 to $62.00. On average, they anticipate Sotheby's' share price to reach $59.00 in the next year. View Analyst Ratings for Sotheby's.

What are analysts saying about Sotheby's stock?

Here are some recent quotes from research analysts about Sotheby's stock:

  • 1. According to Zacks Investment Research, "Sotheby's Holdings, Inc. is one of the world's second largest auctioneers of fine arts, antiques and collectibles, offering property in collecting categories, among them paintings, jewelry, decorative arts, and books. Sotheby's Holdings, Inc is the parent company of Sotheby's worldwide auction businesses, art-related financing and private sales activities. The Company operates in countries, with principal salesrooms located in New York and London. The company also regularly conducts auctions in other salesrooms around the world, including Australia, Hong Kong, France, Italy, the Netherlands, Switzerland and Singapore. " (10/16/2017)
  • 2. Cowen and Company analysts commented, "Cowen's London Chairman & CFO Meetings. We like BID's focus on execution of core competencies combined w/ thoughtful pursuit of new adjacent endeavors. Biggest drivers: digital innovation, enhanced risk & strategic mgmt. w/ respect to asset gathering/ROIC discipline. Meanwhile, talent & new big data/authenticity capabilities should drive differentiation & modernization. Raise PT to $56 (was $53)." (3/16/2017)

Who are some of Sotheby's' key competitors?

Who are Sotheby's' key executives?

Sotheby's' management team includes the folowing people:

  • Domenico De Sole, Chairman of the Board
  • Thomas S. Smith Jr., President, Chief Executive Officer, Director
  • Peregrine Andrew Morny Cavendish CBE, Deputy Chairman of the Board
  • Michael F. Goss, Chief Financial Officer, Executive Vice President
  • Adam David Chinn, Chief Operating Officer, Executive Vice President
  • Jonathan A. Olsoff, Executive Vice President, Worldwide General Counsel
  • David Goodman, Executive Vice President of Digital Development and Marketing
  • Jane A. Levine, Executive Vice President, Chief Global Compliance Counsel and Head of Government and Regulatory Affairs
  • Matthew B. McCormick, Executive Vice President
  • Kevin M. Delaney CPA, Senior Vice President, Controller and Chief Accounting Officer

How do I buy Sotheby's stock?

Shares of Sotheby's can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Sotheby's' stock price today?

One share of Sotheby's stock can currently be purchased for approximately $51.19.

MarketBeat Community Rating for Sotheby's (NYSE BID)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  165 (Vote Outperform)
Underperform Votes:  202 (Vote Underperform)
Total Votes:  367
MarketBeat's community ratings are surveys of what our community members think about Sotheby's and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Sotheby's (NYSE:BID) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 3 Buy Ratings
Consensus Rating:Buy (Score: 3.00)
Consensus Price Target: $59.00 (15.26% upside)
Consensus Price Target History for Sotheby's (NYSE:BID)
Price Target History for Sotheby`s (NYSE:BID)
Analysts' Ratings History for Sotheby's (NYSE:BID)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
10/4/2017Consumer EdgeUpgradeNeutral -> OverweightN/AView Rating Details
7/21/2017SidotiReiterated RatingBuy$59.00 -> $62.00LowView Rating Details
3/16/2017Cowen and CompanyBoost Price TargetOutperform$53.00 -> $56.00LowView Rating Details
4/14/2016Standpoint ResearchDowngradeBuy -> HoldN/AView Rating Details
2/29/2016Craig HallumLower Price TargetHold$26.00 -> $22.00N/AView Rating Details
2/26/2016Barrington ResearchDowngradeOutperform -> Market PerformN/AView Rating Details
2/11/2016Stifel NicolausDowngradeBuy -> HoldN/AView Rating Details
1/21/2016Goldman Sachs Group, Inc. (The)Lower Price TargetNeutral$29.00 -> $25.00N/AView Rating Details
(Data available from 10/18/2015 forward)


Earnings History for Sotheby's (NYSE:BID)
Earnings by Quarter for Sotheby`s (NYSE:BID)
Earnings History by Quarter for Sotheby's (NYSE BID)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/6/2017($0.68)N/AView Earnings Details
8/3/2017Q2 2017$1.51$1.43$313.90 million$314.90 millionViewListenView Earnings Details
5/10/2017Q1 17($0.38)($0.21)$111.66 million$187.50 millionViewN/AView Earnings Details
2/27/2017Q416$1.17$1.35$277.28 million$308.69 millionViewListenView Earnings Details
11/7/2016Q316($0.62)($0.78)$82.90 million$91.49 millionViewListenView Earnings Details
8/8/2016Q216$1.05$1.51$291.22 million$298.67 millionViewN/AView Earnings Details
5/9/2016Q116($0.23)($0.35)$124.54 million$106.53 millionViewListenView Earnings Details
2/26/2016Q415$1.14$1.19$331.14 million$335.80 millionViewListenView Earnings Details
11/9/2015Q315($0.27)($0.26)$112.60 million$138.00 millionViewN/AView Earnings Details
8/7/2015Q215$1.24$1.04$342.49 million$332.00 millionViewN/AView Earnings Details
5/11/2015Q115$0.00$0.11$151.70 million$155.70 millionViewListenView Earnings Details
3/2/2015Q414$1.28$1.12$338.11 million$351.20 millionViewN/AView Earnings Details
11/10/2014Q314($0.37)($0.30)$92.73 million$94.20 millionViewN/AView Earnings Details
8/8/2014Q214$1.44$1.26$345.63 million$335.82 millionViewN/AView Earnings Details
5/7/2014Q114($0.08)($0.09)$129.39 million$156.81 millionViewN/AView Earnings Details
2/27/2014Q413$1.40$1.30$351.58 million$339.20 millionViewN/AView Earnings Details
11/11/2013Q313($0.47)($0.44)$68.46 million$107.86 millionViewN/AView Earnings Details
8/6/2013Q2 2013$1.37$1.33$318.14 million$304.80 millionViewN/AView Earnings Details
5/9/2013Q1 2013($0.12)($0.33)$116.90 million$101.70 millionViewN/AView Earnings Details
2/28/2013Q4 2012$1.09$0.96$278.84 million$291.12 millionViewN/AView Earnings Details
11/8/2012Q312($0.44)($0.48)$56.41 million$68.46 millionViewN/AView Earnings Details
8/7/2012$1.49$1.24ViewN/AView Earnings Details
5/10/2012($0.15)($0.16)ViewN/AView Earnings Details
2/29/2012$1.28$1.04ViewN/AView Earnings Details
11/7/2011($0.35)($0.44)ViewN/AView Earnings Details
8/3/2011$1.57$1.81ViewN/AView Earnings Details
2/28/2011$1.32$1.38ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Sotheby's (NYSE:BID)
2017 EPS Consensus Estimate: $1.99
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171($0.39)($0.39)($0.39)
Q2 20171$1.46$1.46$1.46
Q3 20171($0.41)($0.41)($0.41)
Q4 20171$1.33$1.33$1.33
(Data provided by Zacks Investment Research)


Current Dividend Information for Sotheby's (NYSE:BID)
Most Recent Dividend:12/15/2015
Dividend Yield:0.00%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:0.00% (Trailing 12 Months of Earnings)
0.00% (Based on This Year's Estimates)
0.00% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Sotheby`s (NYSE:BID)

Dividend History by Quarter for Sotheby's (NYSE BID)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Sotheby's (NYSE:BID)
Insider Ownership Percentage: 13.81%
Institutional Ownership Percentage: 89.63%
Insider Trades by Quarter for Sotheby`s (NYSE:BID)
Institutional Ownership by Quarter for Sotheby`s (NYSE:BID)
Insider Trades by Quarter for Sotheby's (NYSE:BID)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/10/2017Adam ChinnCOOBuy2,425$46.60$113,005.00View SEC Filing  
3/7/2017Kevin M DelaneySVPSell1,806$48.04$86,760.24View SEC Filing  
3/6/2017Olivier RezaDirectorBuy10,000$48.04$480,400.00View SEC Filing  
8/8/2016Kevin M. DelaneySVPSell542$34.32$18,601.44View SEC Filing  
7/28/2016Kevin M DelaneySVPSell658$33.40$21,977.20View SEC Filing  
6/2/2016Sole Domenico DeDirectorBuy6,620$30.29$200,519.80View SEC Filing  
6/1/2016Olivier RezaDirectorBuy10,000$30.00$300,000.00View SEC Filing  
5/19/2016Dennis M WeiblingDirectorBuy4,000$27.89$111,560.00View SEC Filing  
5/17/2016Dennis M WeiblingDirectorBuy2,000$28.03$56,060.00View SEC Filing  
5/16/2016Dennis M WeiblingDirectorBuy4,000$27.95$111,800.00View SEC Filing  
5/16/2016Michael F GossCFOBuy50,000$27.72$1,386,000.00View SEC Filing  
5/12/2016Dennis M WeiblingDirectorBuy4,000$27.52$110,080.00View SEC Filing  
2/26/2016Olivier RezaDirectorBuy5,000$23.65$118,250.00View SEC Filing  
2/16/2016Sole Domenico DeDirectorBuy9,320$21.49$200,286.80View SEC Filing  
2/12/2016Dennis M. WeiblingCFOBuy4,000$19.99$79,960.00View SEC Filing  
2/8/2016Dennis M WeiblingCFOBuy2,000$23.29$46,580.00View SEC Filing  
2/5/2016Dennis M. WeiblingCFOBuy4,000$24.03$96,120.00View SEC Filing  
2/3/2016Dennis M. WeiblingCFOBuy2,000$22.98$45,960.00View SEC Filing  
2/3/2016Jonathan OlsoffGeneral CounselBuy2,155$23.13$49,845.15View SEC Filing  
2/3/2016Olivier RezaDirectorBuy5,000$22.97$114,850.00View SEC Filing  
2/2/2016Dennis M. WeiblingCFOBuy2,000$23.20$46,400.00View SEC Filing  
2/2/2016Olivier RezaDirectorBuy5,000$23.04$115,200.00View SEC Filing  
2/1/2016Dennis M. WeiblingCFOBuy4,000$23.05$92,200.00View SEC Filing  
1/28/2016Dennis M. WeiblingCFOBuy4,000$23.00$92,000.00View SEC Filing  
1/26/2016Olivier RezaDirectorBuy10,000$22.65$226,500.00View SEC Filing  
8/24/2015Dennis M WeiblingDirectorBuy5,000$35.00$175,000.00View SEC Filing  
8/21/2015Dennis M WeiblingDirectorBuy5,000$36.26$181,300.00View SEC Filing  
8/17/2015Sole Domenico DeDirectorBuy6,607$37.92$250,537.44View SEC Filing  
8/14/2015Dennis M WeiblingDirectorBuy20,000$38.10$762,000.00View SEC Filing  
6/16/2015David UlmerSVPSell3,000$46.46$139,380.00View SEC Filing  
6/3/2015Kevin ChingCEOSell22,900$45.87$1,050,423.00View SEC Filing  
5/28/2015John M AngeloDirectorBuy52,250$44.46$2,323,035.00View SEC Filing  
3/11/2015Kevin M DelaneyCAOSell1,488$40.61$60,427.68View SEC Filing  
3/4/2015William F RuprechtCEOSell20,000$41.73$834,600.00View SEC Filing  
12/15/2014William F RuprechtCEOSell15,000$38.88$583,200.00View SEC Filing  
5/12/2014Kevin DelaneyCAOSell1,601$41.21$65,977.21View SEC Filing  
3/17/2014Sole Domenico DeDirectorBuy4,000$45.05$180,200.00View SEC Filing  
3/11/2014Bruno VinciguerraCOOSell15,701$47.48$745,483.48View SEC Filing  
3/6/2014Mitchell ZuckermanEVPSell1,500$47.27$70,905.00View SEC Filing  
11/14/2013Patrick McclymontCFOBuy2,000$50.92$101,840.00View SEC Filing  
9/16/2013John AngeloDirectorSell275,000$48.55$13,351,250.00View SEC Filing  
8/14/2013Susan AlexanderEVPSell16,127$45.63$735,875.01View SEC Filing  
8/9/2013David UlmerSVPSell7,000$43.43$304,010.00View SEC Filing  
5/24/2013William F RuprechtCEOSell25,000$36.05$901,250.00View SEC Filing  
1/18/2013William F RuprechtCEOSell4,000$35.50$142,000.00View SEC Filing  
11/26/2012Holder Maarten TenDirectorSell3,000$29.55$88,650.00View SEC Filing  
9/10/2012William F RuprechtCEOSell1,156$36.00$41,616.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Sotheby's (NYSE:BID)
Latest Headlines for Sotheby's (NYSE:BID)
DateHeadline logoYou can buy a $125 million private island less than an hour from NYC - October 18 at 5:49 PM logoLegendary 50-year-old North Texas Cattle and Recreational Ranch "BROSECO" to be Liquidated by Subdivision and Sealed Bid Process - October 18 at 5:49 PM logoKilling the estate tax could help art sales, Sotheby's CEO says - October 17 at 5:24 PM logoArt market showing signs of strength: Sotheby's CEO - October 17 at 3:23 AM logoSotheby's (BID) Lifted to "Hold" at Zacks Investment Research - October 16 at 8:44 PM logoKilling the estate tax could help art sales, Sotheby's CEO says - October 16 at 12:35 PM logoLondon Auctions Are on the Rise, but a Big Failure Casts a Shadow - October 14 at 3:15 AM logo[$$] The day Francis Bacon got burnt in the saleroom - October 13 at 5:11 PM logoAuction Houses Find New Ways to Survive - October 12 at 5:20 PM logoSee How Sotheby's Ranks Among Analysts' Top Picks With Strong Buyback Activity - October 9 at 5:20 PM logoSotheby's London Contemporary Art Sales This Week Total $114.1 MILLION - October 6 at 4:49 PM logoSotheby’s – Value Analysis (NYSE:BID) : October 5, 2017 - October 5 at 3:30 PM logoSotheby's (BID) Receives Average Rating of "Hold" from Analysts - October 4 at 6:50 PM logoSotheby's (BID) Raised to Overweight at Consumer Edge - October 4 at 4:44 PM logoA Peek Inside Howard Hodgkin’s Personal Collection - October 4 at 1:13 PM logoSotheby's updates on Hong Kong event - October 4 at 1:13 PM logoSotheby’s breached its 50 day moving average in a Bullish Manner : BID-US : October 4, 2017 - October 4 at 1:13 PM logoSotheby's Stock Upgraded: What You Need to Know - October 4 at 1:13 PM logoSotheby's Stock Upgraded: What You Need to Know - October 4 at 11:44 AM logoSotheby's Autumn 2017 Hong Kong Sales Achieve $404 Million - 42% Increase Year-Over-Year - - October 3 at 4:23 PM logoAt $47.02, Is It Time To Sell Sotheby’s (BID)? - October 3 at 4:23 PM logoThe new generation of Chinese collectors shaking up the art world - October 2 at 4:28 PM logo[$$] SJ Phillips auctions pieces from its archive at Sotheby's - October 2 at 12:31 PM logo[$$] Few Art Trophies at London Auctions - October 2 at 12:31 PM logoYoko Ono’s Basquiat Canvas Seen Fetching $12 Million at Auction - October 2 at 12:31 PM logoGoldman Sachs Partner Carlotti Nixes Finance for Fine Art World - September 21 at 11:44 AM logoValentino D. Carlotti to Join Sotheby's Executive Management Team as Global Head of Business Development - September 21 at 11:44 AM logoCanada's Luxury Real Estate Market Sees Montreal Sales Soar as Toronto Sales Normalize in Fall 2017 - September 19 at 1:40 AM logo Analysts Anticipate Sothebys (BID) Will Post Earnings of -$0.66 Per Share - September 18 at 10:30 PM logoRecord-breaking, $10M Ferrari auction included high-profile Triad bidder - September 12 at 9:53 PM logoDorella R. Madeira Appointed Managing Director of Sotheby's Financial Services - September 7 at 4:44 PM logoRecord Condo Sale Closes as Calgary's Top-Tier Market Regains Cautious Optimism - August 31 at 12:35 PM logoETFs with exposure to Sotheby’s : August 28, 2017 - August 28 at 9:31 PM logoBidding Before California Car Show Suggests Collectible Market Is Healthy - August 24 at 9:38 PM logoJohn Auerbach Joins Sotheby's to Lead Middle Market Growth Businesses in the Americas - August 24 at 4:36 PM logoCollectors Spent $327 Million on Vintage Cars This Weekend - August 21 at 4:31 PM logoChristie’s auctioneers make a bid for online sales - August 17 at 5:56 PM logoNoteworthy Thursday Option Activity: BID, LVS, KO - August 17 at 5:56 PM logoStock Buyback Program Initiated by Sotheby's (BID) - August 16 at 11:32 AM logoSotheby's increases buyback allowance - August 16 at 3:25 AM logoLuxury home: Tour this home that was modeled after a historic ABQ hotel - August 11 at 5:01 PM logoArt Experiences First Period of Stabilized Returns Since 2011 - August 7 at 5:05 PM logoSotheby’s :BID-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017 - August 7 at 5:05 PM logoSotheby's (BID) CEO Thomas Smith on Q2 2017 Results - Earnings Call Transcript - August 5 at 9:12 PM logoEdited Transcript of BID earnings conference call or presentation 3-Aug-17 1:00pm GMT - August 4 at 4:50 PM logoSotheby’s breached its 50 day moving average in a Bearish Manner : BID-US : August 4, 2017 - August 4 at 4:50 PM logoSotheby's Q2 Profit Retreats 14% - August 3 at 5:57 PM logoSotheby’s Reports Second Quarter 2017 Financial Results - August 3 at 5:57 PM logoInvestor Network: Sotheby's to Host Earnings Call - August 3 at 5:57 PM logoFalling Earnings Send Sotheby's Lower - August 3 at 5:57 PM



Sotheby's (BID) Chart for Wednesday, October, 18, 2017

This page was last updated on 10/18/2017 by Staff

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