NEW YORK, Oct. 27, 2016 /PRNewswire/ -- Sotheby's is
pleased to announce the acquisition of The Mei Moses Art Indices,
which will now be known as Sotheby's Mei
Moses. Widely recognized as the preeminent measure of
the state of the art market, the indices use repeat sales - the
sale of the same object at different points in time - to track
changes in value. Through this acquisition, Sotheby's has unique
access to an analytic tool that provides objective and verifiable
information to complement the world-class expertise of the
Company's specialists.
The indices comprise a constantly updated database of 45,000
repeat sales of objects in eight collecting categories,
approximately 4,000 of which change hands each year. The
methodology enables Sotheby's to compare the investment performance
of Art against various asset classes, analyze its performance
against myriad benchmarks and competitors and measure the impact of
macro-economic and societal forces on the art market. Sotheby's
Mei Moses uses existing data model
and computation methodology to ensure consistency of the index.
"The collecting community is increasingly sophisticated and, in
many cases, looking to analysis to understand the overall market,
individual artist and category trends, the value of their
collections, as well as gain insight into the timing of their
consignments and purchases," says Adam
Chinn, Sotheby's Executive Vice President. "We are
very happy to be in a position to provide collectors with
proprietary information tailored to their needs, while at the same
time helping us identify and examine trends that can inspire
further innovations within Sotheby's to better serve an expanding
client base."
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Sotheby's has been uniting collectors with world-class works of
art since 1744. Sotheby's became the first international auction
house when it expanded from London
to New York (1955), the first to
conduct sales in Hong Kong (1973)
and France (2001), and the first
international fine art auction house in China (2012). Today, Sotheby's presents
auctions in eight different salesrooms, including New York, London, Hong
Kong and Paris, and
Sotheby's BidNow program allows visitors to view all auctions live
online and place bids in real-time from anywhere in the world.
Sotheby's offers collectors the resources of Sotheby's Financial
Services, the world's only full-service art financing company, as
well as private sale opportunities in more than 70 categories,
including S|2, the gallery arm of Sotheby's Contemporary Art
department, as well as Sotheby's Diamonds and Sotheby's Wine.
Sotheby's has a global network of 90 offices in 40 countries and is
the oldest company listed on the New York Stock Exchange (BID).
Images are available upon request
All
catalogues are available online at www.sothebys.com or through
Sotheby's Catalogue iPad App.
New York | +1 212 606 7176 |
Lauren Gioia |
Lauren.Gioia@Sothebys.com |
Dan Abernethy |
Dan.Abernethy@Sothebys.com |
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SOURCE Sotheby's