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Revenue of Sotheby's worldwide 2006-2019

While Sotheby’s reported record revenues of 1.03 billion U.S. dollars in 2018, their revenue decreased to 991.66 million U.S. dollars in 2019. 2016 saw their revenue fall to around 805 million U.S dollars - considerably lower than the 961.5 million U.S. dollars reported for 2015.

Sotheby’s

Sotheby’s is a multinational broker of high-end art, jewelry, real estate and collectibles. Founded in London in 1744, the company is now headquartered in New York City and employed 1,713 members of staff in 2018. Famous for their auctions, the company also provides finance and more traditional dealership services. Their largest markets are the United States, the United Kingdom and China.

The global fine art market

Sotheby’s is one of the leading fine art dealers globally, second only to Christie’s in terms of the number of pieces sold by auction in 2018. Sales in contemporary art are increasing for both companies, while sales of other types of artwork have remained relatively consistent – which is to be expected, given the supply constraints on older art. For both companies artwork sales were far larger than jewelry sales in 2018.

Revenue of Sotheby's worldwide from 2006 to 2019

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Source

Release date

May 2020

Region

Worldwide

Survey time period

2006 to 2019

Special properties

fiscal year ended December 31 of each year

Supplementary notes

Source did not provide a publication date, release date was date accessed.
Figures have been rounded.

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Statistics on "Art market worldwide"

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