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Overview of The Leading Auction House Sotheby's

03 September 2009

As the third largest auction house in the world, Sotheby’s enjoys the type of name recognition that only few companies in world history have had. Today, Sotheby’s has a few locations open.

Their New York location is one of the premier auction houses in the world. Sotheby’s headquarters is in London, England, and they have additional auction houses set up in Moscow and Hong Kong. There’s also a Sotheby’s International Realty, a subsidiary of the auction houses.

Sotheby’s was founded in London in March of 1744 by Samuel Baker. At the time, the house was known as Baker’s, and it gained recognition after Samuel procured a slue of rare books from the library of Sir John Stanley. These items were not auctioned off, and Baker’s wasn’t well known for selling much of anything in its early years.

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