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Accumulated Other Comprehensive Loss
 12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Loss
The following is a summary of the changes in Accumulated Other Comprehensive Loss and the details regarding any reclassification adjustments made during the period January 1, 2015 to December 31, 2017 (in thousands of dollars):
 
 
2017
 
2016
 
2015
Currency Translation Adjustments
 
 
 
 
 
 
Balance at January 1
 
$
(89,478
)
 
$
(52,279
)
 
$
(33,223
)
Other comprehensive income (loss) before reclassifications, net of tax of $1,760, ($13,113), and ($6,345)
 
14,973

 
(37,199
)
 
(18,951
)
Reclassifications from accumulated other comprehensive loss
 
—

 
—

 
(105
)
Other comprehensive income (loss)
 
14,973

 
(37,199
)
 
(19,056
)
Balance at December 31
 
(74,505
)
 
(89,478
)
 
(52,279
)
Cash Flow Hedges
 
 
 
 
 
 
Balance at January 1
 
(3,664
)
 
(4,306
)
 
—

Other comprehensive income (loss) before reclassifications, net of tax of $888, ($106), and ($3,126)
 
1,420

 
(171
)
 
(4,994
)
Reclassifications from accumulated other comprehensive loss, net of tax of $753, $502, and $430
 
1,215

 
813

 
688

Other comprehensive income (loss)
 
2,635

 
642

 
(4,306
)
Balance at December 31
 
(1,029
)
 
(3,664
)
 
(4,306
)
Net Investment Hedges
 
 
 
 
 
 
Balance at January 1
 
16,618

 
—

 
—

Other comprehensive (loss) income before reclassifications, net of tax of ($1,885), $10,354, and $0
 
(3,059
)
 
16,618

 
—

Other comprehensive (loss) income
 
(3,059
)
 
16,618

 
—

Balance at December 31
 
13,559

 
16,618

 
—

Defined Benefit Pension Plan
 
 
 
 
 
 
Balance at January 1
 
(13,834
)
 
(9,619
)
 
(43,543
)
Currency translation adjustments
 
(1,084
)
 
2,300

 
1,097

Net actuarial gain (loss), net of tax of $2,719, ($1,427), and $6,445
 
13,277

 
(6,515
)
 
29,363

Other comprehensive income (loss) before reclassifications, net of tax
 
12,193

 
(4,215
)
 
30,460

Prior service cost amortization, net of tax of ($17), $0, and $73
 
(80
)
 
—

 
291

Actuarial loss amortization, net of tax of $194, $0, and $794
 
945

 
—

 
3,173

Settlement cost, net of tax of $59, $0, and $0
 
285
 
—

 
—

Reclassifications from accumulated other comprehensive loss, net of tax
 
1,150

 
—

 
3,464

Other comprehensive income (loss)
 
13,343

 
(4,215
)
 
33,924

Balance at December 31
 
(491
)
 
(13,834
)
 
(9,619
)
Total other comprehensive income (loss) attributable to Sotheby's
 
27,892

 
(24,154
)
 
10,562

Accumulated other comprehensive loss at December 31
 
$
(62,466
)
 
$
(90,358
)
 
$
(66,204
)








Year Ended December 31,
 
2017
 
2016
 
2015
Cumulative Translation Adjustments
 
 
 
 
 
 
Gain upon liquidation of foreign subsidiary
 
$
—

 
$
—

 
$
(105
)
Tax effect
 
—

 
—

 
—

Reclassification adjustment, net of tax
 
—

 
—

 
(105
)
Cash Flow Hedges
 
 
 
 
 
 
Settlements of interest rate swaps
 
1,968

 
1,315

 
1,118

Tax effect
 
(753
)
 
(502
)
 
(430
)
Reclassification adjustments, net of tax
 
1,215

 
813

 
688

Defined Benefit Pension Plan
 
 
 
 
 
 
Prior service cost amortization
 
(97
)
 
—

 
364

Settlement loss
 
344
 
—

 
—

Actuarial loss amortization
 
1,139

 
—

 
3,967

Pre-tax total
 
1,386

 
—

 
4,331

Tax effect
 
(236
)
 
—

 
(867
)
Reclassification adjustments, net of tax
 
1,150

 
—

 
3,464

Total reclassification adjustments, net of tax
 
$
2,365


$
813

 
$
4,047