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 stock yearly return is shown above.
The yearly return on the BID stock yearly return page and across the coverage universe of our site,
is a measure of the annual return over the calendar year 2013 for the given stock.
When performing this calculation it is important to factor in dividends, because a financial instrument's annual return is
more than just the change in price if that instrument pays a dividend or coupon.
One way to factor dividends into the return is simply to count them as cash — we don't do
that here. Instead, our website aims to empower investors
by performing the BID annual return calculation with any dividends reinvested as applicable (on ex-dates).
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