M&A Deal Summary

Sotheby s Acquires Art Agency Partners

On January 11, 2016, Sotheby s acquired consumer services company Art Agency Partners for 85M USD

Acquisition Highlights
  • This is Sotheby s’ 1st transaction in the Consumer Services sector.
  • This is Sotheby s’ largest (disclosed) transaction.
  • This is Sotheby s’ 2nd transaction in the United States.
  • This is Sotheby s’ 1st transaction in New York.

M&A Deal Summary
Date 2016-01-11
Target Art Agency Partners
Sector Consumer Services
Buyer(s) Sotheby s
Deal Type Add-on Acquisition
Deal Value 85M USD

Target

Art Agency Partners

New York, New York, United States
website
Art Agency, Partners is a global firm that fills a significant need in the art market for a client oriented combination of deep industry knowledge, financial sophistication, and discretion.

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Buyer(S) 1

Buyer

Sotheby s

New York, New York, United States

website

Category Company
Founded 1744
Sector Consumer Services
Employees1,731
Revenue 1.0B USD (2018)
DESCRIPTION

Sotheby’s is a broker of fine and decorative art, jewelry, real estate, and collectibles. Sotheby's offers collectors the resources of Sotheby's Financial Services, full-service art financing company, as well as the collection advisory services of its subsidiary, Art Agency, Partners. Sotheby's was founded in 1744 and is based in New York City.

DEAL STATS #
Overall 2 of 6
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (New York) 1 of 3
Country (United States) 2 of 6
Year (2016) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-07 Noortman Master Paintings B.V.

Maastricht,, United States

Noortman Master Paintings B.V. engages in the art dealer. Noortman Master Paintings B.V. serves private collectors and museums in the Netherlands, the United Kingdom, the United States, and internationally.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-27 The Mei Moses Art Indices

United States

The Mei Moses Art Indices is a provider of indices to preeminent measure of the state of the art market, the indices use repeat sales - the sale of the same object at different points in time - to track changes in value.

Buy -
Mergr

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