Sotheby's Is `Dramatically' Going After Millennials, CEO Says

The transcript discusses the future of consumer sales, focusing on millennials and digital technologies. It highlights successful sales in Hong Kong, the use of AI to enhance business, and the importance of emerging markets. Geopolitical pressures on high net worth individuals are addressed, along with sales growth and investor confidence.

What demographic is Sotheby's focusing on by using digital technologies?

• Millennials

• Generation Z

• Generation X

• Baby Boomers

How does AI contribute to Sotheby's business operations?

• By increasing the number of physical auctions

• By eliminating the need for marketing

• By suggesting items of interest to customers

• By reducing the number of employees

Which region is highlighted as a potential future customer base for Sotheby's?

• South America

• Australia

• Africa

• Asia

What is one reason for the decline in Sotheby's share price despite sales growth?

• Increased competition

• Investor concerns about emerging markets

• Lack of new art collections

• High employee turnover

What macroeconomic factor is mentioned as a potential concern for Sotheby's?

• Oil prices

• Currency devaluation

• Brexit

• Inflation