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Consolidated Income Statements (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Agency $ 825,126bid_AgencyandRelatedRevenues $ 793,639bid_AgencyandRelatedRevenues $ 717,231bid_AgencyandRelatedRevenues
Principal 69,958bid_PrincipalRevenues 30,638bid_PrincipalRevenues 26,180bid_PrincipalRevenues
Finance 33,013us-gaap_FinancialServicesRevenue 21,277us-gaap_FinancialServicesRevenue 17,707us-gaap_FinancialServicesRevenue
License fees 8,484us-gaap_FranchiseRevenue 6,902us-gaap_FranchiseRevenue 6,124us-gaap_FranchiseRevenue
Other 1,472us-gaap_OtherSalesRevenueNet 1,222us-gaap_OtherSalesRevenueNet 1,250us-gaap_OtherSalesRevenueNet
Total revenues 938,053us-gaap_Revenues 853,678us-gaap_Revenues 768,492us-gaap_Revenues
Expenses:      
Agency direct costs 86,524us-gaap_CostOfServices 84,594us-gaap_CostOfServices 65,665us-gaap_CostOfServices
Cost of Principal revenues 68,037bid_PrincipalCostofSales 30,307bid_PrincipalCostofSales 21,118bid_PrincipalCostofSales
Cost of Finance Revenues 8,740bid_CostofFinanceRevenues 0bid_CostofFinanceRevenues 0bid_CostofFinanceRevenues
Marketing 16,566us-gaap_MarketingExpense 22,487us-gaap_MarketingExpense 17,857us-gaap_MarketingExpense
Salaries and related 310,934us-gaap_LaborAndRelatedExpense 297,450us-gaap_LaborAndRelatedExpense 273,273us-gaap_LaborAndRelatedExpense
General and administrative 158,796us-gaap_GeneralAndAdministrativeExpense 175,458us-gaap_GeneralAndAdministrativeExpense 158,220us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 20,575us-gaap_DepreciationDepletionAndAmortization 19,435us-gaap_DepreciationDepletionAndAmortization 17,942us-gaap_DepreciationDepletionAndAmortization
Special charges, net 20,008bid_SpecialCharges 1,372bid_SpecialCharges 0bid_SpecialCharges
Restructuring charges, net 14,238us-gaap_RestructuringCharges 0us-gaap_RestructuringCharges (2)us-gaap_RestructuringCharges
CEO separation costs 7,591bid_CompensationRelatedCostSeveranceandAcceleratedShareBasedPaymentAwardCost 0bid_CompensationRelatedCostSeveranceandAcceleratedShareBasedPaymentAwardCost 0bid_CompensationRelatedCostSeveranceandAcceleratedShareBasedPaymentAwardCost
Total expenses 712,009us-gaap_OperatingExpenses 631,103us-gaap_OperatingExpenses 554,073us-gaap_OperatingExpenses
Operating income 226,044us-gaap_OperatingIncomeLoss 222,575us-gaap_OperatingIncomeLoss 214,419us-gaap_OperatingIncomeLoss
Interest income 1,883us-gaap_InvestmentIncomeInterest 2,801us-gaap_InvestmentIncomeInterest 1,550us-gaap_InvestmentIncomeInterest
Interest expense (35,189)us-gaap_InterestExpense [1] (42,712)us-gaap_InterestExpense [1] (44,429)us-gaap_InterestExpense
Extinguishment of debt 0us-gaap_GainsLossesOnExtinguishmentOfDebt 0us-gaap_GainsLossesOnExtinguishmentOfDebt (15,020)us-gaap_GainsLossesOnExtinguishmentOfDebt
Other income 283us-gaap_OtherNonoperatingIncomeExpense 3,029us-gaap_OtherNonoperatingIncomeExpense 2,916us-gaap_OtherNonoperatingIncomeExpense
Income before taxes 193,021us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 185,693us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 159,436us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Equity in earnings of investees, net of tax 732us-gaap_IncomeLossFromEquityMethodInvestments 15us-gaap_IncomeLossFromEquityMethodInvestments 251us-gaap_IncomeLossFromEquityMethodInvestments
Income tax expense 75,761us-gaap_IncomeTaxExpenseBenefit 55,702us-gaap_IncomeTaxExpenseBenefit 51,395us-gaap_IncomeTaxExpenseBenefit
Net income 117,992us-gaap_ProfitLoss 130,006us-gaap_ProfitLoss 108,292us-gaap_ProfitLoss
Less: Net income attributable to noncontrolling interest 197us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest 0us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income $ 117,795us-gaap_NetIncomeLoss $ 130,006us-gaap_NetIncomeLoss $ 108,292us-gaap_NetIncomeLoss
Basic earnings per share - Sotheby’s common shareholders $ 1.69us-gaap_EarningsPerShareBasic $ 1.90us-gaap_EarningsPerShareBasic $ 1.59us-gaap_EarningsPerShareBasic
Diluted earnings per share - Sotheby’s common shareholders $ 1.68us-gaap_EarningsPerShareDiluted $ 1.88us-gaap_EarningsPerShareDiluted $ 1.57us-gaap_EarningsPerShareDiluted
Cash dividends declared per common share $ 4.74us-gaap_CommonStockDividendsPerShareCashPaid $ 0.2us-gaap_CommonStockDividendsPerShareCashPaid $ 0.52us-gaap_CommonStockDividendsPerShareCashPaid
[1] Borrowing costs related to the Finance Credit Agreement, which include interest and the amortization of fees, are reflected in the Consolidated Income Statements as the Cost of Finance Revenues (See Note 9).