SOTHEBYS (BID) Upgraded by Zacks to OUTPERFORM

Zacks Zacks Investment Research upgraded shares of SOTHEBYS (BID) from NEUTRAL to OUTPERFORM on November 14, 2013, with a target price of $56.30.

Sotheby's Holdings, Inc. is one of the world's second largest auctioneers of fine arts, antiques and collectibles, offering property in collecting categories, among them paintings, jewelry, decorative arts, and books. Sotheby's Holdings, Inc is the parent company of Sotheby's worldwide auction businesses, art-related financing and private sales activities. The Company operates in countries, with principal salesrooms located in New York and London. The company also regularly conducts auctions in other salesrooms around the world, including Australia, Hong Kong, France, Italy, the Netherlands, Switzerland and Singapore.

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