Sotheby's Declares Third Quarter 2013 Dividend

Sotheby's Declares Third Quarter 2013 Dividend

NEW YORK, Aug. 6, 2013 (GLOBE NEWSWIRE) -- The Board of Directors of Sotheby's
(NYSE:BID) has declared a quarterly dividend of $0.10 for the third quarter of
2013. The third quarter dividend is payable on September 16, 2013 to
shareholders of record as of September 3, 2013.

About Sotheby's

Sotheby's has been uniting collectors with world-class works of art since
1744. Sotheby's became the first international auction house when it expanded
from London to New York (1955), the first to conduct sales in Hong Kong (1973)
and France (2001), and the first international fine art auction house in China
(2012). Today, Sotheby's presents auctions in eight different salesrooms,
including New York, London, Hong Kong and Paris, and Sotheby's BIDnow program
allows visitors to view all auctions live online and place bids from anywhere
in the world. Sotheby's offers collectors the resources of Sotheby's Financial
Services, the world's only full-service art financing company, as well as
private sale opportunities in more than 70 categories, including S|2, the
gallery arm of Sotheby's Contemporary Art department, and two retail
businesses, Sotheby's Diamonds and Sotheby's Wine. Sotheby's has a global
network of 90 offices in 40 countries and is the oldest company listed on the
New York Stock Exchange (BID).

CONTACT: Press Department  |  212 606 7176
         Andrew Gully  | Andrew.Gully@Sothebys.com
        
         Investor Relations  |  212 894 1023
         Jennifer Park  | Jennifer.Park@Sothebys.com
 
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