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.


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
Departments
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.
Saleroom

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
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.
George Leigh joins Samuel Baker as a business partner.
Following Samuel Baker’s death, his nephew John Sotheby inherits an interest in the business, introducing the Sotheby name.
The firm moves to 34–35 New Bond Street in Mayfair, establishing its principal London saleroom.
The company adopts the name Sotheby & Co.
Sotheby’s establishes an Impressionist and Modern Art department under chairman Peter Wilson.
The Weinberg Collection auction attracts major international attention and is attended by Queen Elizabeth II.
The Goldschmidt Collection sale offers seven Impressionist and Modern masterpieces in a landmark evening auction.
Sotheby’s acquires Parke-Bernet, then the largest fine-art auction house in the United States, significantly expanding its international presence.
Sotheby’s becomes the first international auction house to conduct sales in Hong Kong.
Sotheby’s becomes a publicly traded company on the London Stock Exchange.
American businessman A. Alfred Taubman acquires Sotheby’s and takes the company private.
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.
Sotheby’s becomes the first international auction house to conduct sales in India.
Sotheby’s becomes the first international auction house to conduct auctions in France following the liberalisation of the French auction market.
The price-fixing investigation involving Sotheby’s and Christie’s results in criminal convictions and substantial civil settlements.
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.
Sotheby’s becomes the first international auction house to establish a formal presence in mainland China.
Sotheby’s is acquired by Patrick Drahi’s BidFair USA and returns to private ownership.
Sotheby’s acquires the Marcel Breuer Building at 945 Madison Avenue in New York.
ADQ makes a minority investment in Sotheby’s while Patrick Drahi retains majority ownership. New flagship salerooms also open in Hong Kong and Paris.
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
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
References
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