$BID is one of biggest losers #stocks today. read more:

Sotheby's Common Stock (symbol: BID) was one of the worst losers of the
trading day today (2016-06-13), losing -8.57%. The number of shares that
changed hands was 2,082,198, or about 2 times the average daily volume in
the stock.
The closing price was $29.13, amounting to a market cap of $1,710,000,000,
about -38.39% off the highest price in the last 12 months. The stock has
been trading at a range between $18.86 and $47.28.
BID is in the Business Services industry, part of the Miscellaneous sector.
It first went public in 1988.
Looking at its valuation, the stock is now trading at 157.46 times earnings.