Sotheby's

Sotheby's is a noted auction house. The first ever Sotheby's sale was held on March 11th, 1744 when the company's founder, Samuel Baker, presided over the disposal of 'several hundred scarce and valuable' books.

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Today, the firm has an annual turnover of approximately US$2 billion, and offices on London's New Bond Street and Manhattan's York Avenue. Sotheby's has an intense rivalry with Christie's for the position of the world's pre-eminent fine-art auctioneer.

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This dominant position has been achieved through natural growth, acquisitions (notably the purchase of the United States' largest fine-art auctioneer, Parke-Bernet, in 1964), and excellent management during the cyclical 'art recessions' seen over the past century.

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Auction: An auction is the process of buying and selling things by offering them up for bid, taking bids, and then selling the item to the highest bidder. In economic theory an auction is a method for determining the value of a commodity that has an undetermined or variable price. In some cases, there is a m...

March 11: 11 March is the 70th day of the year in the Gregorian Calendar (71st in Leap year). There are 295 days remaining....

Book: :This page is about bound sheets of paper. For the graph theory concept, see Book (graph theory). For the musical theater meaning, see Book (musical theater)....