NEW YORK ( TheStreet) -- Sothebys (NYSE: BID) hit a new 52-week high Thursday as it is currently trading at $40.90, above its previous 52-week high of $40.49 with 49,336 shares traded as of 9:40 a.m. ET. Average volume has been 1.3 million shares over the past 30 days. Sothebys has a market cap of $2.74 billion and is part of the services sector and specialty retail industry. Shares are up 19.5% year to date as of the close of trading on Wednesday. Sotheby's operates as an auctioneer of authenticated fine art, decorative art, and jewelry. The company operates in three segments: Auction, Finance, and Dealer.