Sotheby's is a global art business. Co.'s operations are organized under two segments: Agency and Finance. The Agency segment accepts works of art on consignment and match sellers (also known as consignors) to buyers through the auction or private sale process and agency segment activities also include the sale of artworks that are principally acquired incidental to the auction process and the activities of RM Sotheby's, an equity investee that operates as an auction house for investment-quality automobiles. The Finance segment provides art-related financing activities by making loans that are secured by works of art. The BID average annual return 10 years is shown above.
The Average Annual Return on the BID average annual return 10 years page and across the coverage universe of our site,
is a measure of the annualized return over the past ten years (or specified start date) for a given investment
(up to the end of prior trading session recorded). Arguably, choosing ten years for a measurement
period is on the one hand completely arbitrary, but on the other hand provides a sufficiently long window
to capture long-term trends.
Thus, researching Average Annual Returns is good practice for investors — whether BID average annual return 10 years or other benchmarks/peers
— and when doing so it is also important to factor in dividends, because a financial instrument's annualized return is
more than just the change in price if that instrument pays a dividend or coupon. Our website aims to empower investors
by performing the BID average annual return calculation with any dividends reinvested as applicable (on ex-dates).
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