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In February 2004, Sotheby’s entered into a long-term strategic alliance with real estate services provider Realogy Holdings Corp., now Anywhere Real Estate, Inc. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system. Franchises in the system are granted to ...
Concierge Auctions is a residential real estate company based in New York and Texas. It auctions properties to the highest bidder. [2] In November 2021, Concierge Auctions was acquired by Sotheby’s and Realogy Holdings Corp. [3] The company rebranded to Sotheby’s Concierge Auctions. [4]
Christie's International Real Estate is an international network of independently owned luxury real estate firms with more than 400 offices and approximately 10,000 real estate agents in nearly 50 countries and territories around the world. The brand is separately owned but strategically partnered with Christie’s, the fine art auction house.
Christie's American branch at Rockefeller Center in New York. Christie's is a British auction house founded in 1766 by James Christie.Its main premises are on King Street, St James's in London, and it has additional salerooms in New York, Paris, Hong Kong, Milan, Amsterdam, Geneva, Shanghai, and Dubai. [3]
Other former names include: Leigh, Sotheby and Wilkinson; [6] Sotheby, Wilkinson and Hodge (1864–1924); Sotheby and Company (1924–83); [7] Mssrs Sotheby; Sotheby & Wilkinson; Sotheby Mak van Waay; and Sotheby's & Co. [6] The American holding company was initially incorporated in August 1983 in Michigan as Sotheby's Holdings, Inc.
In February 2004, Realogy Holdings (NYSE: RLGY), a real estate franchising and provider of real estate brokerage entered into a long-term alliance with Sotheby's, the operator of the Auction House. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system.
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The modern buyer's premium was introduced at 10% by Christie's and Sotheby's in London in September 1975. [5] Percentages have varied widely, but have risen sharply with time. Early on, Christie's charged 14% in the Netherlands and Belgium, while Sotheby's charged 16% in Switzerland (10% to foreigners), 11% in Monaco and 16% in the Netherlands.