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Sotheby's (BID.N)

BID.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Sotheby's Announces Repurchases Under Accelerated Share Repurchase Program
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - Sotheby's ::SOTHEBY'S ANNOUNCES REPURCHASES UNDER ACCELERATED SHARE REPURCHASE PROGRAM.SOTHEBY'S - TO REPURCHASE SHARES PURSUANT TO AN ACCELERATED SHARE REPURCHASE PROGRAM (ASR) FOR AN AGGREGATE PURCHASE PRICE OF $95 MILLION.SOTHEBY'S - SOTHEBY'S WILL RECEIVE AN INITIAL DELIVERY OF APPROXIMATELY 1.8 MILLION SHARES.  Full Article

Sotheby's Says Does Not Believe Proposed Tariff Will Have Material Effect On Results
Thursday, 30 Aug 2018 

Aug 29 (Reuters) - Sotheby's ::SOTHEBY'S - PROVIDES INFORMATION IN LIGHT OF RECENT MEDIA COVERAGE CONCERNING POSSIBILITY OF TARIFFS AFFECTING BUSINESS.SOTHEBY'S SAYS "DOES NOT SUPPORT A U.S. TARIFF ON WORKS OF ART OF CHINESE ORIGIN".SOTHEBY'S - DOES NOT BELIEVE PROPOSED TARIFF WILL HAVE A MATERIAL EFFECT ON ITS RESULTS.SOTHEBY'S - EVEN IF TARIFF GOES FORWARD, ASIA WEEK SALES IN SEPT 2018 WILL BE UNAFFECTED BY IT.  Full Article

Sotheby's Spring 2018 Hong Kong Sales Total $466.5 Mln
Tuesday, 3 Apr 2018 

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 

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 

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 

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 

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
Friday, 8 Dec 2017 

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 

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 

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

Photo

Soviet-era 'moon rocks' sell for $855,000 at New York auction

Three fragments of rocks retrieved from the moon by a Soviet space mission in 1970 were sold for $855,000 at a New York auction on Thursday.