Sotheby's
 

As of: Nov. 19, 2009
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www.sothebys.com

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Investor Relations

Investor Relations Contact:

Jennifer Park
212-894-1023

Sotheby's is one of the world's two largest auctioneers of fine arts, antiques and collectibles, offering property in over 70 collecting categories, among them fine art, antiques and decorative art, jewelry and collectibles. 2008 brought Consolidated Sales of $5.3 billion, Revenues of $692 million, Operating Income of $74 million and Net Income of $28 million for the Company.

Sotheby's operates in approximately 40 countries and 90 offices, with principal salesrooms located in New York and London. We also conduct auctions in eight other salesrooms around the world -- Hong Kong, Paris, Milan, Amsterdam, Geneva, Zurich, Melbourne and Sydney.

In addition to auctioneering, Sotheby's is engaged in a number of related activities, including the purchase and resale of art, the brokering of art purchases and sales through private treaty sales and the sale of retail jewelry through a joint venture called Sotheby's Diamonds.

Sotheby's also conducts art-related financing activities through its Finance segment and is engaged, to a lesser extent, in art education activities.

Sotheby's is listed on the New York Stock Exchange under the ticker symbol BID and can be found online at www.sothebys.com.

A Standard & Poor’s MidCap 400 Company

Standard & Poor’s a division of The McGraw-Hill Companies

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