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Sotheby's (BID)

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William F. Ruprecht , CEO/President/Director

www.sothebys.com

Industry: Professional Services

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Overview

The Company is an auctioneer of authenticated fine art, antiques and decorative art, jewelry and collectibles.

Press Releases

Seven Summits Research Releases Comments on S, CAL, RL, BID, and AFL Aug-06-2008, 10:46AM EDT
Architectural Digest and Sotheby's International Realty(R) Brand Release Exclusive Survey Findings on Luxury Real Estate Market Consumer Trends Jul-07-2008, 11:57AM EDT
Seven Summits Research Releases Alerts on QCOM, POT, S, LEN, and BID Jul-03-2008, 09:31AM EDT

News From Around the Web

News

£5,000 ticket is a laugh to Banksy (London Times)

Sep 06 2008
Commentary: Hirst treads path few can follow (London Times)

Sep 06 2008
Damien Hirst says greed is good for artists (London Times)

Sep 06 2008
ART (The First Post)

Sep 05 2008
Auction House Sues Buyer of Paintings (New York Times)

Sep 05 2008
Artful practitioners of a confidence trick (Financial Times)

Sep 05 2008
Equity: Collectors can borrow against their masterpieces (Reno Gazette-Journal)

Sep 04 2008
Fuller Towne & Country reportedly sold (Rocky Mountain News)

Sep 04 2008
Bizman didn't pay tab, so Sotheby's sues for 16M (NY Daily News)

Sep 04 2008
JAMESPORT, LI (New York Post)

Sep 04 2008

Blogs

Fibbing CNET founder in $16.8 million art lawsuit [Halsey Minor] (Valleywag)

Sep 05 2008
Auction House Sues CNet Founder For Payment On Paintings (ArtsJournal)

Sep 03 2008
A Hirst Glut? (ArtsJournal)

Sep 02 2008
Prediction: Art Market Downturn Will Kill Off Aussie Auction House (ArtsJournal)

Sep 02 2008

Employees

Number of Employees: 1,555

Revenue per Employee: $557,835

Top Executives

Donaldson C. Pillsbury, Executive VP/Secretary/General Counsel

Bruno Vinciguerra, COO

Michael L. Gillis, Senior VP/Controller/Chief Accounting Officer

Maarten ten Holder, Managing Director, Geographical

Gilbert L. Klemann, II, Executive VP, Divisional/General Counsel/Secretary

Diana Phillips, Executive VP/Other Corporate Officer

Kevin M. Delaney, Chief Accounting Officer/Controller/Senior VP

Daryl S. Wickstrom, Managing Director, Divisionial

Robin G. Woodhead, Subsidiary CEO/Executive VP/Director

George Bailey, Managing Director, Geographical

William S. Sheridan, Executive VP/CFO

Richard C. Buckley, Executive VP, Divisional

Mitchell Zuckerman, Subsidiary President/Chairman of the Board, Subsidiary

Dr. David Ulmer, Chief Technology Officer/Senior VP//Other Corporate Officer

Susan Alexander, Executive VP/Other Corporate Officer

Ann Jackson, Executive VP, Divisional

Jan Prasens, Managing Director

Board of Directors

Donaldson C. Pillsbury, Executive VP/Secretary/General Counsel

Donald M. Stewart, Director

Dennis M. Weibling, Director

The Duke of Devonshire, Deputy Chairman/Director

Maarten ten Holder, Managing Director, Geographical

Gilbert L. Klemann, II, Executive VP, Divisional/General Counsel/Secretary

John M. Angelo, Director

Daryl S. Wickstrom, Managing Director, Divisionial

Robin G. Woodhead, Subsidiary CEO/Executive VP/Director

Diana L. Taylor, Director

George Bailey, Managing Director, Geographical

Michael I. Sovern, Chairman of the Board/Director

Mitchell Zuckerman, Subsidiary President/Chairman of the Board, Subsidiary

Lord Michael M. Blakenham, Director

Jan Prasens, Managing Director

Robert S. Taubman, Director

Allen Questrom, Director

Financials

Quarterly

Annual

Income Statement	08/2008	05/2008	02/2008	11/2007
Sales	59.84 Mil.	29.48 Mil.	36.73 Mil.	19.85 Mil.
Gross Operating Profit	260.32 Mil.	99.79 Mil.	309.03 Mil.	65.21 Mil.
Operating Income before D & A (EBITDA)	156.88 Mil.	-12.2 Mil.	147.38 Mil.	-30.51 Mil.
Total Income Before Interest Expenses (EBIT)	149.44 Mil.	-12.64 Mil.	145.05 Mil.	-31.16 Mil.
Total Net Income	95.33 Mil.	-12.4 Mil.	102.4 Mil.	-20.95 Mil.
Basic EPS, Total	1.47	-0.19	1.6	-0.33
Diluted EPS, Total	1.46	-0.19	-1.44	-0.33

BALANCE STATEMENT	08/2008	05/2008	02/2008	11/2007
Cash and Equivalents	375.44 Mil.	68.86 Mil.	348.25 Mil.	121.11 Mil.
Total Assets	1.77 Bil.	1.06 Bil.	1.57 Bil.	823.34 Mil.
Total Liabilities	1.07 Bil.	687.02 Mil.	1.07 Bil.	474.31 Mil.
Total Capitalization	1.08 Bil.	683.3 Mil.	703.9 Mil.	543.64 Mil.

Cash Flow	08/2008	05/2008	02/2008	11/2007
Net Cash From Continuing Operations	-185.02 Mil.	-161.2 Mil.	-37.14 Mil.	-234.52 Mil.
Net Cash From Investing Activities	-89.93 Mil.	-153.81 Mil.	163.74 Mil.	125.93 Mil.
Net Cash From Financing Activities	301 Mil.	34.61 Mil.	-695 K.	5.69 Mil.
Net Change in Cash & Cash Equivalents	27.19 Mil.	-279.4 Mil.	127.16 Mil.	-99.99 Mil.

Income Statement	2008	2007	2006	2005
Sales	128.62 Mil.	77.5 Mil.	61.78 Mil.	50.64 Mil.
Gross Operating Profit	789.1 Mil.	587.31 Mil.	451.72 Mil.	446.08 Mil.
Operating Income before D & A (EBITDA)	309.05 Mil.	222.62 Mil.	149.26 Mil.	157.45 Mil.
Total Income Before Interest Expenses (EBIT)	314.27 Mil.	200.45 Mil.	125.16 Mil.	130.94 Mil.
Total Net Income	213.14 Mil.	107.05 Mil.	61.6 Mil.	86.68 Mil.
Basic EPS, Total	3.34	1.77	1.01	1.4
Diluted EPS, Total	0.25	1.73	0.99	1.39

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	348.25 Mil.	221.09 Mil.	124.96 Mil.	146.92 Mil.
Total Assets	1.57 Bil.	1.05 Bil.	686.96 Mil.	832.3 Mil.
Total Liabilities	1.07 Bil.	789.19 Mil.	545.24 Mil.	619.94 Mil.
Total Capitalization	703.9 Mil.	401.48 Mil.	260.52 Mil.	335.54 Mil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	-37.14 Mil.	270.41 Mil.	58.79 Mil.	146.12 Mil.
Net Cash From Investing Activities	163.74 Mil.	-197.86 Mil.	52.86 Mil.	-55.36 Mil.
Net Cash From Financing Activities	-695 K.	21.25 Mil.	-133.48 Mil.	-10.04 Mil.
Net Change in Cash & Cash Equivalents	127.16 Mil.	96.14 Mil.	-22.07 Mil.	81.62 Mil.

Sotheby's (BID)

Company Information

Overview

Employees

Top Executives

Board of Directors

Financials

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