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Home > Company Index > Diversified Services > Miscellaneous Business Services > Butterfields

Butterfields
 NEWS FROM THE STANDARD
Under the Hammer
Mar 06 2001 08:21 AM PST

Merging Old and New
Mar 05 2001 12:00 AM PST

 PROFILE
In the market for antique armor, classic timepieces, or fine wines? Look no farther than auction house Butterfields. Staging both live and Internet auctions, the company specializes in fine art and antiques. Butterfields became a subsidiary of eBay when the Internet auction colossus acquired the firm in 1999; the acquisition ended Butterfields' more than 130-year history as an independent auction house. In a move toward online auctions, eBay has halted live auctions at Butterfields' Chicago office (the office was sold in 2001). The US Justice Department is investigating Butterfields in the wake of a probe into an alleged price-fixing scheme between Christie's and Sotheby's.

 COMPETITION
Christie's International plc (dossier)
Greg Manning Auctions, Inc. (GMAI)
Sotheby's Holdings, Inc. (BID)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1998 Sales (mil.): 20.70
1-Yr. Sales Growth: 2.1%
Employees: 245
Revenue per employee: $84,489.80

 KEY PEOPLE
• Patrick Meade
    CEO
• John Falke
    CFO

 CONTACT INFO
220 San Bruno Ave.
San Francisco, CA 94103
US
Phone: 415-861-7500
Fax: 415-861-8951
Online: Web Site

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Copyright © 2001, Hoover's Inc. Austin, Texas.
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