BBB

Sotheby's 5.875% 01-JUN-2029

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BID5376724 analysis



Key facts


Issuer
Sotheby's
Issue date
Jul 30, 2021
Maturity date
Jun 1, 2029
Outstanding amount
‪299.80 M‬USD
Face value
1,000.00USD
Minimum denomination
200,000.00USD
Coupon
5.88% (Fixed)
Yield to maturity
9.72%
Sotheby's operates as an art auction house. It operates through the following segments: Agency, SFS, and All Other. The Agency segment accepts property on consignment, and match sellers to buyers through the auction of private sale process. The SFS segment offers financing packages to clients who wish to obtain immediate access to liquidity from their art assets. The All Other segment comprises of advisory services, retail wine business, and brand licensing activities. The company was founded by Samuel Baker on March 11, 1744 and is headquartered in New York, NY.
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