Company:  SOTHEBYS (BID)
Form Type:  10-Q
Filing Date:  8/7/2012 
CIK:  0000823094 
Address:  1334 YORK AVENUE 
City, State, Zip:  NEW YORK, New York 10021 
Telephone:  (212) 606-7000 
Fiscal Year:  10/04 
Last Trade
Last Trade: 
$42.74  
Change: 
2.09 (5.14%)  
Trade Time: 
04:00 PM EST  
Market Cap: 
$2.95B
Description of Business
Sotheby�s (or, �the Company�) is a global art business whose operations are organized under three segments: Agency1, Principal2, and Finance. The Agency segment matches buyers and sellers of authenticated fine art, decorative art, and high-end jewelry (collectively, �art� or �works of art� or �artwork� or "property") through the auction or private sale process. The activities of the Principal segment include the sale of artworks that have been purchased opportunistically by Sotheby�s and, to a lesser extent, retail wine sales and the activities of Acquavella Modern Art (or �AMA�), an equity investee. The Finance segment conducts art-related financing activities by providing certain collectors and dealers with loans secured by works of art. To a lesser extent, Sotheby�s is also involved in brand licensing activities. A more detailed explanation of the activities of each of Sotheby�s segments, as well as its brand licensing activities, is provided below.
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  FORM 10-Q
    PART I: FINANCIAL INFORMATION
      ITEM 1: FINANCIAL STATEMENTS
        INCOME STATEMENT
        BALANCE SHEET
        CASH FLOW
        NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
      ITEM 2: MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL ...
      ITEM 3: QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT ...
      ITEM 4: CONTROLS AND PROCEDURES
    PART II: OTHER INFORMATION
      ITEM 1: LEGAL PROCEEDINGS
      ITEM 1A: RISK FACTORS
      ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
    SIGNATURES
    EXHIBIT INDEX
  EXHIBIT 31.1
    CERTIFICATION OF CHIEF EXECUTIVE OFFICER
  EXHIBIT 31.2
    CERTIFICATION OF CHIEF FINANCIAL OFFICER
  EXHIBIT 32.1
    CERTIFICATION OF CHIEF EXECUTIVE OFFICER
  EXHIBIT 32.2
    CERTIFICATION OF CHIEF FINANCIAL OFFICER
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