$19.77 -0.16 (-0.80%)
12/3/2009 4:03 PM

Sotheby's (BID)

CAPS Rating: 4 out of 5

The Company through its Subsidiary engages in art auction, private sales and art-related financing activities.

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1
Member Avatar Capsperson (99.75) Submitted: 3/31/2008 9:33:23 AM : Outperform Start Price: $28.10 BID Score: -10.60

Its not just a matter of there always being rich people, and those rich people wanting to collect art, its a matter of what art is put up for auction and the resulting sale. For the next quarter Sothebys has quite an exciting catalog of upcoming auctions throughout the world including a nice share of Impressionist art which always fetches phenomenal money. Additionally, Sothebys dabbles in the prestigous real estate market which just makes sense to provide one-stop shopping to their wealthy clientele. They have survived their price fixing scandal and significantly increased net income in 2007.

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