Company:  SOTHEBYS (BID)
Form Type:  8-K
Filing Date:  10/2/2012 
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: 
2.09 (5.14%)  
Trade Time: 
Apr 24  
Market Cap: 
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 8-K
      Item 1.01 Entry Into a Material Definitive Agreement