How Sotheby's Is Avoiding the Real Estate Slowdown

Sotheby's International Realty experienced a record year in 2016, with 127,000 luxury transactions worldwide. CEO Phillip White attributes this success to strong demand, despite challenges in supply, and a focus on customer experience. The brand has expanded into 70 countries, with significant strength in major U.S. cities. Global trends like populism have positively impacted the luxury real estate market. Sotheby's continues to thrive by adhering to its principles and expanding its global presence.

What was the record number of luxury transactions Sotheby's International Realty achieved in 2016?

• 4.2 billion

• 95,000

• 127,000

• 27,000

What is one of the key principles that Sotheby's International Realty focuses on to achieve success?

• Reducing property prices

• Providing exceptional customer service

• Increasing inventory levels

• Expanding into new markets

Which of the following cities is NOT mentioned as a strong market for Sotheby's International Realty?

• Houston

• New York

• Chicago

• San Francisco

How has the trend of inequality and populism affected the luxury real estate market according to the transcript?

• It has made it more challenging.

• It has had no impact.

• It has been beneficial.

• It has decreased demand.

What is the purpose of the 'NI pursuits' mentioned at the end of the transcript?

• To provide real estate listings

• To offer luxury lifestyle content

• To advertise Sotheby's properties

• To sell luxury watches