Since its creation, the Sotheby’s International Realty brand network currently shares more than 24,000 sales associates in over 1000 offices in 75 countries and territories worldwide. SIR1
The Sotheby’s International Realty client profile is typically one of high net worth, usually with property ownership in multiple locations across the globe. This has created a unique opportunity for referral of business not only between Sotheby’s International Realty offices but also through the Sotheby’s Auction House.
The Sotheby’s International Realty website, www.sir.com, was created and enables the savvy purchaser of luxury property to search for real estate anywhere in the world directly from its homepage. To the success of the referral network, in 2020, Sotheby’s International Realty produced over $2.9 billion US dollars in referral volume.
As a tourist destination, Cayman Islands Sotheby’s International Realty has enjoyed numerous referrals from Sotheby’s International Realty offices from around the network, mainly from North America and Canada, where ‘snow birds’ often look for warmer climates to escape their cold winters back home.
The areas from which the Cayman Islands sees most interest are:
- England, United Kingdom
- Ontario, Canada
- New York, USA
- Toronto, Canada
- Florida, USA
- Texas, USA
- Colorado, USA
- California, USA
Since 1744, the Sotheby’s name has been synonymous with unique art collections, rare objects, jewellery, watches, spirits, and more. Guided by innovation, Sotheby’s has now hosted numerous digital auctions through the pandemic and even recently started accepting cryptocurrencies in auctions.
Sotheby’s currently has selling locations in:
- Hong Kong
- Cologne, Germany
- Geneva, Switzerland
- Milan, Italy
- Paris, France
- Zurich, Switzerland
- Dubai, UAE
- New York, USA
- East Hampton, USA
- Palm Beach, USA
- London, United Kingdom.
The Cayman Islands is diverse, with over one hundred different nationalities represented, most of which are in some way connected to the affluent financial industry or tourism.
Many accountants or attorneys relocating to the Cayman Islands for their employment may only stay a few years and then move to other offshore jurisdictions allowing for business referral to and from.
Accountant & Attorney referrals include the following countries:
- Bahamas
- Bahrain
- Bermuda
- British Virgin Islands
- Guernsey
- Hong Kong
- Isle of Man
- Dublin, Ireland
- Jersey
- Luxembourg
- Tokyo
- Dubai
- Singapore
- Qatar
- Brazil
The final significant group for referral business within the Cayman Islands is wealthy Caymanians or expats that already call the Cayman Islands home. It is not uncommon for this group to seek second and third homes in various parts of the world, often in ski resort destinations or near larger cities for business travel or, in the case of expats, a property closer to their country of birth.
Popular places for this group to look for property are:
- Miami, Florida, USA
- Tampa, Florida, USA
- New York, USA
- Aspen, Colorado, USA
- Breckenridge, Colorado, USA
- Whistler, British Columbia, Canada
- Toronto, Canada
- London, UK
Sources
- Sotheby’s International Realty Brand Stats. Published 2021. ^
