Sotheby's is an American multinational corporation and one of the world's largest brokers of fine and decorative art, jewelry, real estate, and collectibles. With its headquarters in New York City, Sotheby's was founded in London in 1744 by Samuel Baker, becoming the first international auction house. The company's main products and services include auctions, private sales, and art-related financing.

Sotheby's organizes various auctions globally, attracting collectors, dealers, and institutions. Additionally, the company offers art advisory services, valuations, and restoration and conservation services. Sotheby's also has an online platform that allows clients to participate in auctions and purchase items directly.

Sotheby's operates internationally, with offices in major cities such as New York, London, Hong Kong, and Paris. The company boasts a network of specialists and experts worldwide, supporting its global reach. Notably, Sotheby's has several subsidiaries, including RM Sotheby's, a premier car auction company, and Sotheby's Diamonds, specializing in the sale of fine diamonds.

In terms of market position, Sotheby's is a key player in the auction industry. It competes with Christie's, its primary rival, in terms of global sales. The two auction houses dominate the high-end art market and often engage in fierce bidding wars for prestigious consignments.

Sotheby's has historically organized auctions for high-profile collections and masterpieces, solidifying its standing in the art world. Over the years, Sotheby's has experienced significant events and achievements. In 2019, the company was acquired by Patrick Drahi, a French-Israeli businessman, who took the company private.

This move was intended to shift Sotheby's focus towards long-term growth and expansion. Additionally, the company has adapted to the digital era, embracing online sales and investing in technology to enhance the auction experience. Currently, Sotheby's continues to be a prominent force in the art market.

The company recently unveiled its new digital marketplace, Sotheby's Buy Now, allowing clients to instantly purchase items at a fixed price. This initiative aims to broaden accessibility while maintaining the company's established position in the art world. Sotheby's remains a globally recognized brand, renowned for its expertise and prestigious auctions