Science Fair Project Encyclopedia
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.
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.
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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Last updated: 05-07-2005 06:22:35
10-26-2009 08:16:03
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details
The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details