BID - Sotheby's

NYSE - NYSE Delayed Price. Currency in USD
58.42
-0.78 (-1.32%)
At close: 4:02PM EDT

58.42 0.00 (0.00%)
After hours: 6:08PM EDT

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Previous Close59.20
Open58.90
Bid58.39 x 800
Ask58.40 x 800
Day's Range57.63 - 58.90
52 Week Range32.01 - 59.36
Volume418,187
Avg. Volume788,203
Market Cap2.723B
Beta (3Y Monthly)2.01
PE Ratio (TTM)27.30
EPS (TTM)2.14
Earnings DateAug 5, 2019 - Aug 9, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2015-11-27
1y Target Est52.67
Trade prices are not sourced from all markets
  • Exclusive: Here’s why one of S.F.’s top real estate agents left Compass for Sotheby’s
    American City Business Journals11 hours ago

    Exclusive: Here’s why one of S.F.’s top real estate agents left Compass for Sotheby’s

    Real estate duel between Compass and Sotheby's is growing after Compass ruffled feathers by buying up longtime local real estate companies.

  • ACCESSWIRE3 days ago

    SHAREHOLDER ALERT: Halper Sadeh LLP Reminds Investors it is Investigating Whether the Sale of These Companies is Fair to Shareholders - BID, CZR, DFRG

    NEW YORK, NY / ACCESSWIRE / July 15, 2019 / Halper Sadeh LLP, a global investor rights law firm, reminds investors that it is investigating the following companies: Sotheby’s (NYSE: BID) The investigation ...

  • GlobeNewswire3 days ago

    CZR, LTXB, CJ and BID SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers

    WILMINGTON, Del., July 15, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Caesars Entertainment Corporation (NASDAQ GS: CZR) regarding possible.

  • Facebook's Watchdog Has a Chance to Follow the Money
    Bloomberg4 days ago

    Facebook's Watchdog Has a Chance to Follow the Money

    (Bloomberg Opinion) -- Google and Facebook Inc. are in regulators’ sights again. Britain’s monopolies watchdog is gathering input for its “Online Platforms and the Digital Advertising Market” study.Behind this seemingly nebulous title lies a golden opportunity to make Big Tech face some hard questions about its control over digital advertising. This could be a first, since no-one has as yet managed successfully to unpick the workings of the ad tech market. The answers could steer the conversation about a breakup of the two behemoths to their digital advertising assets, rather than their consumer-facing offerings – something that both companies would desperately like to avoid.The Competition and Markets Authority’s investigation will span data collection, the firms’ dominant consumer-facing platforms and competition in online ads. Officials should focus their limited resources on the last of those three. Data and platform dominance feed the advertising model, and privacy is of course an important concern. But the regulator needs to follow the money.Between them, Google and Facebook secured 56% of all global internet ad dollars in 2018, according to the World Advertising Research Council. That should rise to 61% this year.A close examination of the two firms’ earnings demonstrates how they’ve managed to consolidate their dominance. In North America, the growth in the number of active Facebook users has slowed to a crawl over the past two years. Yet the average revenue per user has continued to grow exponentially.Meanwhile at Google, the number of impressions from its network members (i.e. websites where Google is responsible for placing the ads) also grew more slowly last year. To offset that, the cost-per-impression grew by 12%, up from 8% a year earlier.This points towards the power both firms have to squeeze money out of advertisers. Brands can and do complain about Google and Facebook till they’re blue in the face, but if they want to advertise online they have little choice but to still send ever more ad dollars their way.The British study explicitly cites Google and Facebook's control over multiple important stages in the programmatic advertising process, what’s known as the “advertising stack.” That’s noteworthy. Other studies in Germany, France, Australia and elsewhere have more broadly tackled the use of data. Britain should avoid starting on a path that may just replicate their findings. Concentrating on the ad stack gets right to the heart of the firms’ business models.The issue with the modern competitive landscape is that the distinction between the various roles in programmatic ad categories is blurring. The competition lawyer Damien Geradin, who has long been critical of Google, likens it to the sale of a painting where Sotheby’s is the auctioneer, the buyer’s agent and the seller’s agent. When you buy a painting, you tell the Sotheby’s buying agent your maximum budget is $100,000. A day later, you’re told you were the winning bidder, and paid just $75,000.The problem is, you’ve no idea how high the next bid was. Nor does the seller know how much was offered. Maybe both got a good deal, but it’s hard to tell. You simply have to take the auction house’s word for it.Now substitute ad views or clicks for the painting, and Google for Sotheby’s, and you get a sense of some of the problems in online advertising. Walled gardens have developed where money goes in, and results come out, but brands and publishers have little visibility on everything that happened in between.It won’t be easy to disentangle the workings of this industry. The CMA has just 25 people dedicated staff to the study – Facebook and Google meanwhile have thousands of employees in the U.K. alone.When Australia published the preliminary report of its Digital Platforms Inquiry in December, it admitted it was “difficult to estimate with precision whether the pricing for search or display advertising may be considered excessive.” That’s a serious problem. If the regulator, with its legal authority, can’t ascertain the truth, then brands themselves have even less of a chance.It’s all but impossible to reach an independent evaluation of the price and effectiveness offered by the duopoly against competing platforms. Britain’s competition cops would do well to embed themselves deeply in the firms’ operations, rather than simply seeking written responses and interviews. The CMA is accepting comments until the end of July, and in six months will decide whether to turn the study into an investigation. At the end of the study phase, the regulator can only make recommendations to lawmakers. An investigation would allow it to seek remedies to fix what it might deem an imbalanced situation. And Britain has clout. It’s likely Facebook and Google’s biggest market in Europe: the U.K. digital ads market is almost three times as big as France’s.There are already heavy hints about what remedies might entail. The CMA’s announcement at the start of this month went so far as to moot “the separation between certain activities in the digital advertising value chain.” That might be a more astute way to tackle Google and Facebook, than, for instance, making them hive off YouTube or WhatsApp respectively.If the CMA has the same difficulties that the Australian Competition & Consumer Commission had, then suggesting standardized measures to evaluate the cost and effectiveness of online ads would be a sensible first step. That would at least help us understand whether a deeper breakup of the firms’ advertising operations is necessary.\--With assistance from Elaine He.To contact the author of this story: Alex Webb at awebb25@bloomberg.netTo contact the editor responsible for this story: Jennifer Ryan at jryan13@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Alex Webb is a Bloomberg Opinion columnist covering Europe's technology, media and communications industries. He previously covered Apple and other technology companies for Bloomberg News in San Francisco.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Bloomberg5 days ago

    Moonwalk Recordings Offer Giant Returns for Former NASA Intern

    (Bloomberg) -- For a former NASA intern, a recording of the lunar landing 50 years ago could yield a giant leap of a return for his investment.Gary George found the original videotapes capturing the Apollo 11 lunar landing at a government surplus auction while working at the NASA Johnson Space Center in 1973, according to Sotheby’s. He paid $217.77 for the 1,150 reels of magnetic tape with 2 hours and 24 minutes of recording. They include Neil Armstrong’s declaration, “That’s one small step for a man, one giant leap for mankind.”Next weekend, those same reels could fetch him $1 million to $2 million, according to Sotheby’s, which is auctioning the tapes and other items to mark the anniversary of the 1969 moon landing.Even at the lower end of the estimate, that’s an almost 5,000-fold return, beating just about every major stock market in the world. The Dow Jones Industrial Average, which closed at a record on Friday, climbed 30-fold since the summer of 1973, while gold produced half of those gains.Walmart Inc., the retailer that created the world’s wealthiest family, churned out just more than half of the potential gains from the recordings. Amazon.com Inc., which made Jeff Bezos the richest man on earth, offered a third of those returns after its stock price climbed more than 1,300 times since its initial stock offering two decades ago.“With equities, it’s supply and demand, but it’s based upon expectations of future profits,” said Michael Pachter, an analyst at Wedbush Securities. “Art or collectibles are valuable because they are one of a kind.”Even though the footage has been seen over the years on television broadcasts, Sotheby’s is touting the tapes as the “only surviving first-generation recordings of the historic moon walk.” They’re also sharper than those aired on newscasts, it added. George declined to comment on the auction.The recordings are probably a good investment “given the trends in sports memorabilia and the extreme appreciation in art and anything Sotheby’s sells,” said Michael Purves, chief global strategist at Weeden & Co. “It’s something for the mega rich to talk about at cocktail parties.”To contact the reporter on this story: Hailey Waller in New York at hwaller@bloomberg.netTo contact the editors responsible for this story: Linus Chua at lchua@bloomberg.net, Ian FisherFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • GlobeNewswire6 days ago

    INVESTOR RIGHTS ALERT: Halper Sadeh LLP Continues Investigating Whether the Sale of These Companies is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – LTXB, CJ, BID, CZR

    The investigation concerns whether LegacyTexas and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders in connection with the proposed sale of LegacyTexas to Prosperity Bancshares, Inc. Pursuant to the proposed transaction, LegacyTexas shareholders will receive 0.5280 shares of Prosperity common stock and $6.28 in cash for each share of LegacyTexas. If you are a LegacyTexas shareholder and would like to learn more about your legal rights and options, please visit: https://halpersadeh.com/actions/legacytexas-financial-group-inc-ltxb-prosperity-bank-merger-stock/.

  • Reuters7 days ago

    Sneakers give art a run for its money at first-of-a-kind Sotheby's auction

    Nike is hot on your heels. Sotheby's in New York announced on Thursday its first-ever auction dedicated to sneakers, underlining their fast-growing status as collectibles able to command tens of thousands of dollars. Sotheby's is teaming up with streetwear marketplace Stadium Goods to auction 100 pairs of the rarest sneakers ever produced, including a sample of one of the first Nike Inc running shoes with a pre-sale high estimate of $160,000.

  • GlobeNewswire8 days ago

    SHAREHOLDER ALERT: WeissLaw LLP Reminds MDSO, BID, and DFRG Shareholders About Its Ongoing Investigations

    NEW YORK, July 10, 2019 -- If you own shares in any of the companies listed above and would like to discuss our investigations or have any questions concerning this notice.

  • GlobeNewswire15 days ago

    Bragar Eagel & Squire, P.C. Reminds Investors that it is Investigating the Boards of Directors of PCM, Caesars, Sotheby’s, and EMC on Behalf of Stockholders and Encourages Investors to Contact the Firm

    NEW YORK, July 03, 2019 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of PCM, Inc., Caesars.

  • GlobeNewswire17 days ago

    ORIT, LTXB, and BID SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers

    WILMINGTON, Del., July 01, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Oritani Financial Corp. (NASDAQ GS: ORIT) regarding possible breaches of.

  • GlobeNewswire17 days ago

    MERGER ALERT – LTXB, BID, and PCMI: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, July 01, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • Moving Average Crossover Alert: Sotheby's
    Zacks20 days ago

    Moving Average Crossover Alert: Sotheby's

    Sotheby's (BID) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

  • PR Newswire21 days ago

    Lifshitz & Miller LLP Announces Investigation of Array BioPharma Inc., C&J Energy Services, Inc., Liberty Expedia Holdings, Inc., and Raytheon Company, Shutterfly, Inc., Sotheby's and Stewardship Financial Corporation, and Zimmer Biomet Holdings, Inc.

    NEW YORK , June 27, 2019 /PRNewswire/ -- Array BioPharma Inc. (ARRY) Lifshitz & Miller  announces investigation into possible breach of fiduciary duties in connection with the proposed sale of ARRY to ...

  • Maybe politicians should figure out how to stop colleges from scamming students
    MarketWatch21 days ago

    Maybe politicians should figure out how to stop colleges from scamming students

    Or are we just going to let them keep holding successive generations of American kids hostage, year after year? Sen. Bernie Sanders is the latest to “address” the “student-loan crisis,” with another bold plan involving other people’s money. Yes, we know all the sad, dismal and infuriating aspects of this student debt burden.

  • GlobeNewswire21 days ago

    CZR, CY, BID and SFLY SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers

    WILMINGTON, Del., June 27, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Caesars Entertainment Corporation (NASDAQ GS: CZR) regarding possible.

  • GlobeNewswire22 days ago

    Legal Investigation Alert: Halper Sadeh LLP is Investigating Whether the Sale of These Companies is Fair to Shareholders – CZR, BID, CJ, MSL

    NEW YORK, June 26, 2019 -- Halper Sadeh LLP, a global investor rights law firm, is investigating Caesars Entertainment Corporation (NASDAQ: CZR), Sotheby’s (NYSE: BID), C&J.

  • Sotheby's must face Russian billionaire's lawsuit over art fraud: U.S. judge
    Reuters22 days ago

    Sotheby's must face Russian billionaire's lawsuit over art fraud: U.S. judge

    A federal judge in New York rejected Sotheby's bid to dismiss a $380 million lawsuit where Russian billionaire Dmitry Rybolovlev accused the auction house of helping his longtime art dealer's scheme to overcharge him on dozens of masterworks. U.S. District Judge Jesse Furman said Sotheby's failed to establish that the case did not belong in his court because Rybolovlev was already litigating in Switzerland, where much of the key evidence and many witnesses were located, and that principles of international comity justified dismissal. Furman found no showing that New York was "genuinely inconvenient" and Switzerland was "significantly preferable," saying the New York case had made more progress and Sotheby's might save money by defending itself in its home forum.

  • GlobeNewswire23 days ago

    SFLY, BID and AVP SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Reminds Investors of Investigations of Mergers

    WILMINGTON, Del., June 25, 2019 -- Rigrodsky & Long, P.A. announces that it is investigating: Shutterfly, Inc. (NASDAQ GS: SFLY) regarding possible breaches of fiduciary.

  • Business Wire23 days ago

    SOTHEBY’S INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sotheby’s - BID

    Under the terms of the proposed transaction, shareholders of Sotheby’s will receive only $57.00 in cash for each share of Sotheby’s that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company. If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn (lewis.kahn@ksfcounsel.com) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-bid/ to learn more.

  • Reuters23 days ago

    Sotheby's must face Russian billionaire's lawsuit over art fraud -U.S. judge

    A federal judge in New York rejected Sotheby's bid to dismiss a $380 million lawsuit where Russian billionaire Dmitry Rybolovlev accused the auction house of helping his longtime art dealer's scheme to overcharge him on dozens of masterworks. U.S. District Judge Jesse Furman said Sotheby's failed to establish that the case did not belong in his court because Rybolovlev was already litigating in Switzerland, where much of the key evidence and many witnesses were located, and that principles of international comity justified dismissal. Furman found no showing that New York was "genuinely inconvenient" and Switzerland was "significantly preferable," saying the New York case had made more progress and Sotheby's might save money by defending itself in its home forum.

  • GlobeNewswire23 days ago

    Bragar Eagel & Squire, P.C. is Investigating the Board of Directors of Sotheby’s (NYSE: BID) on Behalf of Sotheby’s Shareholders and Encourages Sotheby’s Investors to Contact the Firm

    Bragar Eagel & Squire, P.C. is investigating potential claims against the board of directors of Sotheby’s (BID) on behalf of Sotheby’s shareholders concerning its proposed acquisition by BidFair USA. Pursuant to the proposed transaction, announced on June 17, 2019, and valued at approximately $3.7 billion, Sotheby’s shareholders will receive $57 for each share of Sotheby’s common stock owned.  The investigation focuses on whether Sotheby’s and its board of directors violated the federal securities laws and/or breached their fiduciary duties to the Company’s shareholders by failing to conduct a fair process and whether and by how much the proposed transaction undervalues the Company.

  • GlobeNewswire24 days ago

    MERGER ALERT – MDSO, LTXB, and BID: Levi & Korsinsky, LLP Reminds Investors of Investigations Concerning the Sale of these Companies

    NEW YORK, June 24, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: Levi & Korsinsky, LLP announces that investigations have commenced on.

  • Sotheby's celebrates 50th anniversary of Apollo 11 with memorabilia auction
    Yahoo Finance Video7 hours ago

    Sotheby's celebrates 50th anniversary of Apollo 11 with memorabilia auction

    Sotheby's is auctioning off memorabilia from Apollo 11 on the 50th anniversary of the historic moon landing, including three reels of video tape of the event expected to go for as much as $2 million. Vice President and Senior Specialist at Sotheby’s Cassandra Hatton joins Yahoo Finance's Zack Guzman and Sibile Marcellus, along with Thornton McEnery, Dealbreaker Executive Editor, to discuss.

  • Sotheby's partners with Stadium Goods for rare sneaker auction
    Yahoo Finance Video7 days ago

    Sotheby's partners with Stadium Goods for rare sneaker auction

    Sotheby's is partnering with Stadium Goods for an online-only sneaker auction. Sneaker heads can bid on a collection of 100 of the rarest sneakers in history. Yahoo Finance's Seana Smith, Brian Cheung, Emily McCormick and Brian Sozzi discuss.

  • Sotheby's & Stadium Goods partner for sneaker auction
    Yahoo Finance Video7 days ago

    Sotheby's & Stadium Goods partner for sneaker auction

    Sotheby's and Stadium Goods partner up to auction off a collection of 100 rare sneakers, but get this, it's the first-ever online-only auction. Yahoo Finance's sneaker expert joins live from the auction's headquarters to break down the details.