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Auction House Profile

Sotheby's

Global · Founded 1744 · New York, United States

Sotheby's is a global auction house founded in London in 1744, active across fine art, luxury, design, books, photographs, wine and collectibles.

Sotheby's logo
Sotheby's auction house
Sotheby's — auction house profile image.

Fine art sales

0

Specialist sales

3

Founded

1744

Last sync

20 July, 06:24 am

Overview

Sotheby’s was founded in London in 1744, when bookseller Samuel Baker conducted an auction of books from the library of Sir John Stanley at the Exeter Exchange on the Strand. The sale, held on 11 March 1744, realised £826 and established a business initially centred on books, manuscripts and important libraries. The Sotheby name entered the firm after John Sotheby, Baker’s nephew, inherited an interest in the business following Baker’s death. During the twentieth century, Sotheby’s expanded from books and decorative arts into Impressionist, Modern and Contemporary art and became one of the world’s leading international auction houses. Its 1964 acquisition of Parke-Bernet in New York was a major step in that transformation. Sotheby’s operates major salerooms in New York, London, Hong Kong, Paris and Geneva and conducts live, online and hybrid auctions, private sales and fixed-price transactions. Its New York headquarters opened in the restored Marcel Breuer Building at 945 Madison Avenue in 2025.

Specialties & Departments

Specialties

Contemporary ArtModern ArtImpressionist ArtOld MastersAsian ArtJewelleryWatchesWine & SpiritsPhotographsPrintsBooks & ManuscriptsDesignDecorative ArtsLuxury Goods

Departments

Contemporary ArtImpressionist & Modern ArtOld MastersAsian ArtChinese Works of ArtJewelleryWatchesWinePhotographsPrintsBooks & ManuscriptsPrivate Sales

Auction Calendar

GCR continuously monitors public auction calendars published by leading auction houses around the world. Upcoming fine art and collectable sales are presented first, followed by other public auctions conducted by the same institution.

Upcoming Fine Art Auctions

No upcoming sales recorded.

Specialist & Collectable Auctions (3)

Broader specialist, collectable, estate and mixed-category auctions that may include culturally significant material beyond the main fine art departments.

21 July 2026

NBA Auctions Weekly: Christmas in July

upcoming · USD · New York

28 July 2026

'America 250' Sale in New York City

upcoming · USD · New York

03 Aug 2026

NBA Auctions Weekly: City and Classic Edition

upcoming · USD · New York

Saleroom

Sotheby's saleroom
Sotheby's saleroom or auction interior.

Locations

New York

United States

New York headquarters and principal saleroom at 945 Madison Avenue

London

United Kingdom

Principal United Kingdom saleroom at New Bond Street

Hong Kong

Hong Kong

Major Asia saleroom and private-sales location

Paris

France

Major European saleroom

Geneva

Switzerland

Specialist saleroom for jewellery, watches and luxury categories

Los Angeles

United States

West Coast specialist and client-services office

Amsterdam

Netherlands

European specialist and client-services office

Doha

Qatar

Middle East specialist and client-services presence

Timeline

1744

Bookseller Samuel Baker conducts the firm’s first auction on 11 March at the Exeter Exchange on London’s Strand, offering approximately 457 books from the library of Sir John Stanley. The sale realises £826.

1767

George Leigh joins Samuel Baker as a business partner.

1778

Following Samuel Baker’s death, his nephew John Sotheby inherits an interest in the business, introducing the Sotheby name.

1917

The firm moves to 34–35 New Bond Street in Mayfair, establishing its principal London saleroom.

1924

The company adopts the name Sotheby & Co.

1955

Sotheby’s establishes an Impressionist and Modern Art department under chairman Peter Wilson.

1957

The Weinberg Collection auction attracts major international attention and is attended by Queen Elizabeth II.

1958

The Goldschmidt Collection sale offers seven Impressionist and Modern masterpieces in a landmark evening auction.

1964

Sotheby’s acquires Parke-Bernet, then the largest fine-art auction house in the United States, significantly expanding its international presence.

1973

Sotheby’s becomes the first international auction house to conduct sales in Hong Kong.

1977

Sotheby’s becomes a publicly traded company on the London Stock Exchange.

1983

American businessman A. Alfred Taubman acquires Sotheby’s and takes the company private.

1988

Sotheby’s returns to the public market through a listing on the New York Stock Exchange and becomes the first international auction house to conduct sales in Russia.

1992

Sotheby’s becomes the first international auction house to conduct sales in India.

2001

Sotheby’s becomes the first international auction house to conduct auctions in France following the liberalisation of the French auction market.

2002

The price-fixing investigation involving Sotheby’s and Christie’s results in criminal convictions and substantial civil settlements.

2004

Pablo Picasso’s Garçon à la pipe sells at Sotheby’s for more than US$104 million, becoming the first painting to exceed US$100 million at auction.

2012

Sotheby’s becomes the first international auction house to establish a formal presence in mainland China.

2019

Sotheby’s is acquired by Patrick Drahi’s BidFair USA and returns to private ownership.

2023

Sotheby’s acquires the Marcel Breuer Building at 945 Madison Avenue in New York.

2024

ADQ makes a minority investment in Sotheby’s while Patrick Drahi retains majority ownership. New flagship salerooms also open in Hong Kong and Paris.

2025

Sotheby’s opens its New York headquarters in the restored Marcel Breuer Building at 945 Madison Avenue.

Auction Highlight

Sandro Botticelli — Portrait of a Young Man Holding a Roundel
Sandro Botticelli, Portrait of a Young Man Holding a Roundel, tempera on poplar panel, 58.4 × 39.4 cm, sold by Sotheby's, New York, January 2021, for US$92.2 million.

Sandro Botticelli — Portrait of a Young Man Holding a Roundel

One of the defining moments in Sotheby's history came in January 2021, when Sandro Botticelli's Portrait of a Young Man Holding a Roundel was offered in New York. Widely regarded as one of the finest Renaissance portraits remaining in private hands, the painting achieved US$92.2 million, setting a new Sotheby's auction record for an Old Master. With distinguished provenance, decades of museum loans and extensive scholarly research, the work stands among the most important Renaissance masterpieces ever to appear at auction.

View the Sotheby's lot

Market Notes

Sale formats

Live auctionsOnline timed auctionsHybrid auctionsPrivate salesBuy Now
Sotheby’s began in 1744 as an auction business specialising in books and important private libraries.
Its first sale offered books from the library of Sir John Stanley and realised £826.
The 1964 acquisition of Parke-Bernet transformed Sotheby’s into a major international auction house with a substantial presence in New York.
Sotheby’s was the first international auction house to conduct sales in Hong Kong in 1973.
It later became the first international auction house to conduct sales in Russia in 1988, India in 1992 and France in 2001.
In 2012 Sotheby’s became the first international auction house to establish a formal presence in mainland China.
Pablo Picasso’s Garçon à la pipe became the first painting to sell for more than US$100 million at auction when it was sold by Sotheby’s in 2004.
Peter Paul Rubens’ The Massacre of the Innocents sold at Sotheby’s in 2002 for £49.5 million, setting a record for an Old Master painting at the time.
Sotheby’s is one of the two auction houses that have historically dominated the international market for the highest-value works of art.
The company returned to private ownership in 2019 following its acquisition by Patrick Drahi’s BidFair USA.
Sotheby’s opened its New York headquarters in the Marcel Breuer Building in 2025 after acquiring and restoring the former Whitney Museum building.
In addition to auctions, Sotheby’s conducts private sales and fixed-price transactions through its Buy Now platform.

References

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