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Related Party Transactions
9 Months Ended
Sep. 30, 2011
Related Party Transactions [Abstract] 
Related Party Transactions

14. Related Party Transactions

For the three and nine months ended September 30, 2011, Sotheby's recognized aggregate auction commission revenues of $0.9 million and $5.9 million, respectively, related to the purchase of property by related parties. These revenues represent approximately 2% and 1% of total revenues for the three and nine months ended September 30, 2011, respectively.

As of September 30, 2011, net Accounts Receivable of $376 million includes $4.6 million associated with related party transactions, representing approximately 1% of net Accounts Receivable.