M&A Deal Summary

Sotheby s Acquires Viyet

On February 13, 2018, Sotheby s acquired e-commerce company Viyet

Acquisition Highlights
  • This is Sotheby s’ 1st transaction in the E-Commerce sector.
  • This is Sotheby s’ 6th transaction in the United States.
  • This is Sotheby s’ 3rd transaction in New York.

M&A Deal Summary
Date 2018-02-13
Target Viyet
Sector E-Commerce
Buyer(s) Sotheby s
Deal Type Add-on Acquisition

Target

Viyet

New York, New York, United States
Viyet, Inc. is an e-commerce marketplace specializing in consignment services for pre-owned luxury designer furniture, vintage, and antique home goods. Viyet was founded in 2013 and is based in New York, New York.

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Buyer(S) 1

Buyer

Sotheby s

New York, New York, United States
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 6 of 6
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (New York) 3 of 3
Country (United States) 6 of 6
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-25 Thread Genius

New York, New York, United States

Thread Genius, Inc. is a startup specializing in taste-based image recognition and recommendation technologies. Thread Genius was founded by two software and machine learning engineers.

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