Sotheby's is one of the world's two largest auctioneers of fine arts, antiques and collectibles, offering property in over 70 collecting categories, among them fine art, antiques and decorative art, jewelry and collectibles. 2007 was a record year for Sotheby's with Consolidated Sales of $6.2 billion, Revenues of $918 million, Operating Income of $276 million and Net Income of $213 million. Sotheby's operates in approximately 40 countries and 90 offices, with principal salesrooms located in New York and London. We also conduct auctions in eight other salesrooms around the world -- Hong Kong, Paris, Milan, Amsterdam, Geneva, Zurich, Melbourne and Sydney.
In addition to auctioneering, Sotheby's is engaged in a number of related activities, including the purchase and resale of art, the brokering of art purchases and sales through private treaty sales and the sale of retail jewelry through a joint venture called Sotheby's Diamonds. Sotheby's also conducts art-related financing activities through its Finance segment and is engaged, to a lesser extent, in art education activities.
Sotheby's is listed on the New York Stock Exchange under the ticker symbol BID and can be found online at www.sothebys.com.
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