The History Of An Extraordinary Brand
On the 11th March 1744 Samuel Baker held his first auction selling the library of Sir John Stanley and in so doing commenced the first chapter in the world's most prestigious auction house: Sotheby's.
In 1976 the Sotheby's International Realty brand is launched and quickly becomes known through out the world for the sale of distinctive estates and homes. It is founded upon the same principles of service, excellence and knowledge that Sotheby's has been building its reputation on for over two centuries.
Having worked as an independent realtor for many years Sheena Conolly sets up her own company Sheena Conolly Real Estate creating a boutique real estate office that offers high quality service to those buying and selling homes within the Cayman Islands.
Sotheby's creates a strategic alliance with Realogy the largest franchisor of real estate brokerages in the world. The agreement between Sotheby's allows for the licensing of the Sotheby's International Realty® name and in turn the brand begins to offer membership within the Sotheby's International Realty franchise to select real estate brokerage companies.
As a real estate company dedicated to quality of service Sheena Conolly Real Estate is approached and selected to hold the Sotheby's International Realty franchise in the Cayman Islands and on 15th December 2005 opens its doors as Sheena Conolly Sotheby's International Realty and in so doing creates a new chapter for luxury real estate sales in Grand Cayman, Little Cayman and Cayman Brac. After a short period and in recognition of the global market that Sotheby's International Realty enjoys and operates in the company name is changed to Cayman Islands Sotheby's International Realty.
The Sotheby's International Realty brand expands through out the world opening offices in South Africa, New Zealand, Switzerland and Spain. Cayman Islands Sotheby's International Realty attends the inaugural Global Networking Event held by Sotheby's International Realty at the Waldorf Astoria in New York.
Cayman Islands Sotheby's International Realty start the year by setting a bench mark sale for residential real estate in Cayman Kai with the sale of Catcher of Sun an exquisite beach front home designed by The Burns Conolly Group and listed for US$3.3m. Cayman Islands Sotheby's International Realty close out the year in spectacular style by hosting the Sotheby's International Realty Leaders Fall Forum at The Ritz-Carlton, Grand Cayman inviting Owner's and leaders from the finest luxury real estate offices across the globe to the Cayman Islands.
The Sotheby's International Realty network grows to approximately 9,000 sales associates located in more than 470 offices worldwide. The brand is named winner of Franchise Business Review's 2008 Best in Category for Real Estate Franchisee Satisfaction award. It also is named to the organization's top 50 for client satisfaction and is number five for all franchise categories with more than 200 locations. As well, the brand is rated the most prestigious real estate company by high-net worth consumers in the Luxury Institute's 2008 Luxury Brand Status Index survey.
The Sotheby's International Realty brand is named #1 in its category and #7 from more than 400 franchises surveyed for Franchise Business Review's 2009 Franchisee Satisfaction award. It is also added to the Franchise Times Fast 55 list, and RESIDE® magazine is honored with a 2009 Hermes Platinum Award for creative excellence and outstanding design and editorial in the overall magazine category.
In 2010 Sotheby's International Realty grew the office count within its network by more than 11% ending the year with 11,700 sales associates located in more than 550 offices in 44 countries and territories worldwide.
Cayman Islands Sotheby's International Realty opens the year with a benchmark sale at Water's Edge one of the finest luxury condominium developments on Seven Mile Beach. Sotheby's International Realty launches its official YouTube channel creating a home for videos of some of the finest luxury real estate offerings in the world and featuring Castillo Caribe one of the finest luxury homes in the Caribbean and listed for sale with Cayman Islands Sotheby's International Realty.
Sotheby's International Realty launches its Ipad app allowing discerning buyers of luxury real estate to search for property whilst anywhere in the world. October sees the launch party for Puerto Rico Sotheby's International Realty and the opening of their office on the famous Ashford Avenue in San Juan. Cayman Islands Sotheby's International Realty is awarded Best Real Estate Agency Cayman Islands by the prestigious International Property Awards.
February sees a strengthening of the Sotheby's International Realty brand in the Caribbean with the opening of Cabarete Dominican Republic Sotheby's International Realty. In May Cayman Islands Sotheby's International Realty set another benchmark with the sale of one the finest beach front sites in the Caribbean: Point of Sand, Little Cayman listed at US$5.75m