Sotheby's Declares Fourth Quarter 2012 Dividend

Sotheby's Declares Fourth Quarter 2012 Dividend

NEW YORK, Nov. 7, 2012 (GLOBE NEWSWIRE) -- The Board of Directors of Sotheby's
(NYSE:BID) has declared a quarterly dividend of $0.08 for the fourth quarter
of 2012. The fourth quarter dividend is payable on December 17, 2012 to
shareholders of record as of December 3, 2012.

About Sotheby's

Sotheby's is a global company that engages in art auction, private sales and
art-related financing activities. The Company operates in 40 countries, with
principal salesrooms located in New York, London, Hong Kong and Paris.The
Company also regularly conducts auctions in seven other salesrooms around the
world.Sotheby's is listed on the New York Stock Exchange under the symbol
BID.

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         Jennifer Park  | Jennifer.Park@Sothebys.com