Sotheby’s is a multinational corporation that is one of the world’s largest auctioneers of fine and decorative art, jewelry, and collectibles. It the world’s fourth oldest auction house in continuous operation, with 90 locations in 40 countries. The Sotheby’s New York office is the site of nearly 100 high-profile auctions each year, from eagerly anticipated sales of Impressionist & Modern Art, Contemporary Art and extraordinary Jewellery to those of rare historical objects such as the Magna Carta. These sales attract collectors from all over the world, including North and South America, the whole of Europe, the Middle East and many Asian countries. This global participation has resulted in a long list of prices that represent extraordinary benchmarks in auction history, including the world record for any work of art at auction – Edvard Munch’s iconic masterpiece, The Scream, which in May 2012 achieved $119.9 million.