Sotheby's Launches Sotheby's Home: Luxury Design Marketplace

Expanding Sotheby's Presence in the Interiors E-commerce Space

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Oct 10, 2018, 11:30 ET

NEW YORK, Oct. 10, 2018 /PRNewswire/ -- Sotheby's (NYSE: BID) is pleased to announce the launch of Sotheby's Home, an online consignment marketplace specializing in vintage and antique furniture, decorative objects and accessories. Sotheby's Home connects collectors and design lovers with an approachable new platform to buy furniture, art and home décor from showrooms, dealers, interior designers and private individuals. For consignors, Sotheby's Home offers a solution encompassing all steps of the selling process, from curation and photography to moving and delivery.

Sotheby's launches Sotheby's Home - expanding the company's presence in the interiors e-commerce space

Sotheby's Home expands the brand's growing e-commerce portfolio, which includes a robust program of live and online-only auctions as well as the retail business, Sotheby's Wine, providing greater access to premium offerings across categories for customers. The launch of Sotheby's Home is supported by the acquisition of Viyet in February 2018. Since being acquired, web traffic to Viyet.com has increased over 200%, doubling monthly revenue. The site has expanded its inventory, building new relationships with over 60 galleries, showrooms and brands, with recent partners including Schumacher, Aerin, Jason Jacques Gallery, and Casati Gallery.

"Alongside Sotheby's current online auction and retail platforms, Sotheby's Home is another way we are uniting superior technology with wonderful objects to serve our clients of today and tomorrow," said Tad Smith, Sotheby's CEO.

Sotheby's Home will feature an expanded library of offerings for home décor needs with a continued focus on new categories including prints, photography and contemporary art. Elizabeth Brown, CEO of Viyet, who has overseen the integration into Sotheby's over the past six months, today assumes the role of CEO of Sotheby's Home and will lead the brand and business operations.

John Auerbach, General Manager of Sotheby's Art & Objects Division in New York, added, "The launch of Sotheby's Home provides a new platform to buy designer furniture, antiques, accessories and art with ease, furthering our commitment to offer expanded channels to serve both our customers and consignors."

Sotheby's Home will build upon Viyet's pre-existing business model, which provides a seamless way to buy and sell luxury furniture and home décor online at a great value. Sotheby's Home is the only e-commerce platform with showroom and gallery pieces from a range of partners including Artemide, Ralph Lauren, Donzella Ltd., Magen H Gallery and more, listed alongside private consignments across antique, vintage and contemporary design, offering one-of-a-kind access to unique pieces that previously would not be available online.

"We are thrilled to introduce Sotheby's Home and relaunch Viyet under the Sotheby's brand," said Elizabeth Brown, CEO of Sotheby's Home. "We are excited to continue growing with the support of Sotheby's, providing our customers the opportunity to purchase unique pieces for their homes and providing consignors with an easy to use, trustworthy platform."

For more information on Sotheby's Home, please visit: www.SothebysHome.com

About Sotheby's
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), India (1992) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby's presents auctions in 11 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 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 the collection, artist, estate & foundation advisory services of its subsidiary, Art Agency, Partners. Sotheby's presents private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby's Global Fine Art Division, and three retail businesses: Sotheby's Wine, Sotheby's Diamonds, and Sotheby's Home, the online marketplace for interior design. Sotheby's has a global network of 80 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

About Sotheby's Home
Sotheby's Home is an online consignment marketplace specializing in vintage and antique furniture, decorative objects, contemporary art, prints and accessories. For consignors, Sotheby's Home offers a full-service solution encompassing all steps of the selling process, from curation and photography to moving and delivery. For buyers, Sotheby's Home offers timeless pieces, providing access to exclusive collections that previously would not be available online, from showrooms and galleries, alongside one-of-a-kind items from dealers, interior designers and private consignments. Sotheby's Home partners with leading galleries such as Bernd Goeckler Antiques, Patrick Parrish Gallery, Moderne Gallery and James Infante, as well as showroom brands including Donghia, Janus et Cie, Kravet and Roche Bobois.

SOURCE Sotheby's