Sotheby's wildly overestimated the value of my artwork.They failed to update the status of my consignment. The status remained at "accepted" even after the close of the auction. It never updated to "listed" or "sold" even 2 months after the close of the auction.I only found out when my item would be auctioned by accident - I wasn't informed until 2 weeks before the actual auction that my item was to be listed.The vast majority of items in the auction received no bids at all. Those that did have bids almost all had a single bid.My item sold for less than ONE FIFTH of the low estimate. Seller's fees ate up more than 60% of the sale price. I am actually netting less than $140 (after sellers fees and shipping) for an item that Sotheby's estimated would bring $5k-$7k.UPDATE: Like others, Sotheby's lost my seller information, and asked for it repeatedly. Then they came up with some nonsense about their payment information form having no language referring to the word "check"... So I quoted their form back to them... Now, this form has altogether about 6 lines of text, and their payout drone replied "Oh, I guess I missed that line". Criminally abusive "service" at Sotheby's.UPDATE: Anjli Patel at Sotheby's has THREE TIMES promised to send a check to me for the proceeds of my consignment and then failed to send the check on both promised dates. I have experienced ALL of the things that other people have complained about. The level of incompetence at Sotheby's is staggering.UPDATE: Finally paid after a lot of runaround. For a photograph estimated by Sotheby's at $5000-$7000, I received a check for $241. Subtracting $140 from that for shipping, I netted $100. YOU HAVE BEEN WARNED.
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Sotheby's /ˈsʌðəbiz/ is a British founded American multinational corporation headquartered in New York City.