Introduction:
Sotheby's is a British multinational corporation headquartered in New York City. One of the world's largest brokers of fine and decorative art, jewelry, real estate, and collectibles, Sotheby's operation is divided into three segments: auction, finance, and dealer. The company’s services range from corporate art services to private sales. Sotheby’s is the world’s fourth oldest auction house in continuous operation, with 90 locations in 40 countries. As of December 2011, the company had 1,446 employees worldwide. It is the world's largest art business with global sales in 2011 totalling $5.8 billion.[3] Sotheby’s was established on 11 March 1744 in London. The American holding company was initially incorporated in August 1983 in Michigan. In June 2006, Sotheby’s Holdings, Inc. reincorporated in the State of Delaware and was renamed Sotheby’s.[4] In July 2016, Chinese Insurance Giant Taikang Life became Sotheby's largest shareholder.[5] Sotheby's predecessor, Baker and Leigh, was founded in London on 11 March 1744,[6] when Samuel Baker presided over the disposal of "several hundred scarce and valuable" books from the library of Rt Hon Sir John Stanley Bt., of Alderley. Three Swedish auction houses are even older (Stockholms Auktionsverk, Göteborgs Auktionsverk (sv), Uppsala auktionskammare (sv)) and Sotheby's great rival in London and then New York, Christie's, dates from 1759 or shortly after.[7] The current business dates back to 1804, when two of the partners of the original business (Leigh and Sotheby) left to set up their own book dealership. The library Napoleon took with him into exile at St Helena, as well as the library collections of John Wilkes, Benjamin Heywood Bright and the Dukes of Devonshire and of Buckingham (both related to George Leigh)[8] were sold through Samuel Baker’s auctions.[9] After Baker’s death in 1778, his estate was divided between Leigh and John Sotheby. George Leigh died unmarried in 1816,[10] but not before endeavouring to secure his succession by recruiting Samuel E Leigh into the business. Under the Sotheby family, the auction house extended its activities to auctioning prints, medals, and coins.[11] John Wilkinson, Sotheby’s Senior Accountant, became the company’s new CEO.[12] The business did not seek to auction fine arts in general until much later, their first major success in this field being the sale of a Frans Hals painting for nine thousand guineas as late as 1913. In 1917, Sotheby’s relocated from 13 Wellington Street to 34-35 New Bond Street, which remains as its London base to this day.[13] They soon came to rival Christie's as leaders of the London auction market, which had become the most important for art. In 1955, Sotheby’s opened an office at Bowling Green, New York City. In 1964, Sotheby’s purchased Parke-Bernet, then the largest auctioneer of fine art in the United States. In the following year, Sotheby’s moved to 980 Madison Avenue, New York. With international popularity of fine art auction growing, Sotheby’s opened offices in Paris and Los Angeles in 1967, became the first auction house to operate in Hong Kong in 1973, and Moscow in 1988.[14] Sotheby’s became a U.K. public company in 1977. A 25 percent drop from the 1980–81 record of $610 million in sales[15] contributed to Sotheby's decision to relocate its North American headquarters from Madison Avenue to a former cigar factory[16] at 1334 York Avenue, New York, in 1982. The auction house closed its Madison Avenue galleries at East 76th Street. The Los Angeles galleries were sold and auctions of West Coast material moved to New York.[17] In the following year, a group of investors (such as American millionaire Alfred Taubman) purchased and privatized Sotheby’s. Sotheby’s was initially incorporated as Sotheby’s Holdings, Inc. in Michigan in August 1983.[4] Taubman took Sotheby’s public in 1988, listing the company’s shares on the New York Stock Exchange, making Sotheby’s the oldest publicly traded company on the NYSE under the ticker symbol "BID."[18] In June 2006, Sotheby’s Holdings, Inc. reincorporated in the State of Delaware and was renamed Sotheby’s shortly after.
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Sotheby's is a British multinational corporation headquartered in New York City. One of the world's largest brokers of fine and decorative art, jewelry, real estate, and collectibles, Sotheby's operation is divided into three segments: auction, finance, and dealer. The company’s services range from corporate art services to private sales. Sotheby’s is the world’s fourth oldest auction house in continuous operation, with 90 locations in 40 countries. As of December 2011, the company had 1,446 employees worldwide. It is the world's largest art business with global sales in 2011 totalling $5.8 billion.[3] Sotheby’s was established on 11 March 1744 in London. The American holding company was initially incorporated in August 1983 in Michigan. In June 2006, Sotheby’s Holdings, Inc. reincorporated in the State of Delaware and was renamed Sotheby’s.[4] In July 2016, Chinese Insurance Giant Taikang Life became Sotheby's largest shareholder.[5] Sotheby's predecessor, Baker and Leigh, was founded in London on 11 March 1744,[6] when Samuel Baker presided over the disposal of "several hundred scarce and valuable" books from the library of Rt Hon Sir John Stanley Bt., of Alderley. Three Swedish auction houses are even older (Stockholms Auktionsverk, Göteborgs Auktionsverk (sv), Uppsala auktionskammare (sv)) and Sotheby's great rival in London and then New York, Christie's, dates from 1759 or shortly after.[7] The current business dates back to 1804, when two of the partners of the original business (Leigh and Sotheby) left to set up their own book dealership. The library Napoleon took with him into exile at St Helena, as well as the library collections of John Wilkes, Benjamin Heywood Bright and the Dukes of Devonshire and of Buckingham (both related to George Leigh)[8] were sold through Samuel Baker’s auctions.[9] After Baker’s death in 1778, his estate was divided between Leigh and John Sotheby. George Leigh died unmarried in 1816,[10] but not before endeavouring to secure his succession by recruiting Samuel E Leigh into the business. Under the Sotheby family, the auction house extended its activities to auctioning prints, medals, and coins.[11] John Wilkinson, Sotheby’s Senior Accountant, became the company’s new CEO.[12] The business did not seek to auction fine arts in general until much later, their first major success in this field being the sale of a Frans Hals painting for nine thousand guineas as late as 1913. In 1917, Sotheby’s relocated from 13 Wellington Street to 34-35 New Bond Street, which remains as its London base to this day.[13] They soon came to rival Christie's as leaders of the London auction market, which had become the most important for art. In 1955, Sotheby’s opened an office at Bowling Green, New York City. In 1964, Sotheby’s purchased Parke-Bernet, then the largest auctioneer of fine art in the United States. In the following year, Sotheby’s moved to 980 Madison Avenue, New York. With international popularity of fine art auction growing, Sotheby’s opened offices in Paris and Los Angeles in 1967, became the first auction house to operate in Hong Kong in 1973, and Moscow in 1988.[14] Sotheby’s became a U.K. public company in 1977. A 25 percent drop from the 1980–81 record of $610 million in sales[15] contributed to Sotheby's decision to relocate its North American headquarters from Madison Avenue to a former cigar factory[16] at 1334 York Avenue, New York, in 1982. The auction house closed its Madison Avenue galleries at East 76th Street. The Los Angeles galleries were sold and auctions of West Coast material moved to New York.[17] In the following year, a group of investors (such as American millionaire Alfred Taubman) purchased and privatized Sotheby’s. Sotheby’s was initially incorporated as Sotheby’s Holdings, Inc. in Michigan in August 1983.[4] Taubman took Sotheby’s public in 1988, listing the company’s shares on the New York Stock Exchange, making Sotheby’s the oldest publicly traded company on the NYSE under the ticker symbol "BID."[18] In June 2006, Sotheby’s Holdings, Inc. reincorporated in the State of Delaware and was renamed Sotheby’s shortly after.
No.8 subway
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