Sotheby's is an auctioneer of fine art, antiques and decorative art, jewelry and collectibles. The Company's operations are organized into three business segments: Auction, Finance and Dealer. In addition to auctioneering, the Company's Auction segment is engaged in a number of related activities, including the brokering of private purchases and sales of fine art, jewelry and collectibles. The Company also operates as a dealer in works of art through its Dealer segment, conducts art-related financing activities through its Finance segment and is engaged, to a lesser extent, in licensing activities.