Sotheby’s (NYSE:BID) Files An 8-K Results of Operations and Financial ConditionItem 2.02 Results of Operations and Financial Condition
Sotheby’s (NYSE:BID) Files An 8-K Results of Operations and Financial Condition
On February 27, 2017, Sotheby’s (the “Company”) issued a press release discussing its results of operations for the year ended December 31, 2016. This press release is furnished as Exhibit 99.1 to this Form 8-K.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
99.1 Sotheby’s earnings press release for the year ended December 31, 2016.
About Sotheby’s (NYSE:BID)
Sotheby’s is a global art business company. The Company operates in two segments: Agency and Finance. The Agency segment earns commissions by matching buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process. Agency segment activities also include the sale of artworks that are principally acquired incidental to the auction process and the activities of RM Sotheby’s. The Finance segment earns interest income through art-related financing activities by making loans that are secured by works of art. Its activities include Sotheby’s retail wine operations, Acquavella Modern Art, an equity investee, and sales of the remaining inventory of Noortman Master Paintings, an art dealer that was owned and operated by Sotheby’s are reported within all other segment. Sotheby’s (NYSE:BID) Recent Trading Information
Sotheby’s (NYSE:BID) closed its last trading session up +0.07 at 40.09 with 440,082 shares trading hands.
Sotheby’s is a global art business company. The Company operates in two segments: Agency and Finance. The Agency segment earns commissions by matching buyers and sellers of authenticated fine art, decorative art, jewelry, wine and collectibles (collectively, art or works of art or artwork or property) through the auction or private sale process. Agency segment activities also include the sale of artworks that are principally acquired incidental to the auction process and the activities of RM Sotheby’s. The Finance segment earns interest income through art-related financing activities by making loans that are secured by works of art. Its activities include Sotheby’s retail wine operations, Acquavella Modern Art, an equity investee, and sales of the remaining inventory of Noortman Master Paintings, an art dealer that was owned and operated by Sotheby’s are reported within all other segment. Sotheby’s (NYSE:BID) Recent Trading Information
Sotheby’s (NYSE:BID) closed its last trading session up +0.07 at 40.09 with 440,082 shares trading hands.
