Sotheby’s International Realty Expansion for 2011

Sotheby’s International Realty Brand grew its worldwide network in 2011 by more than 7 percent, ending the year with more than 600 offices and nearly 12,000 sales associates located in 45 countries and territories worldwide. Sotheby’s International Realty network has also reported a 24 percent year-over-year increase in US transaction sides closed by its affiliated brokers and agents in 2011.

“Our growth in the last year demonstrates the value real estate professionals are placing on the services we offer and the power of the Sotheby’s International Realty name and its reputation for excellence,” said Michael R. Good, chief executive officer, Sotheby’s International Realty Affiliates LLC. The brand has also acquired the license from the Sotheby’s Auction House last year to develop the brand in Australia, the only region where it did not previously hold the rights.

The goal per Good for 2012 is, “to expand our global footprint even more, with growth in Asia our first priority. To that extent, the brand has three new management positions that will be based in Asia for which it is seeking candidates.