Photo Release -- As Sotheby's Sales Reach High Watermark in Asia, the Company Announces Ground-Breaking Series of Arts Events in

Photo Release -- As Sotheby's Sales Reach High Watermark in Asia, the Company
Announces Ground-Breaking Series of Arts Events in Beijing in December

    Sotheby's Hong Kong Achieves Highest-Ever Sale Series by a Global Arts
                               Business in Asia

Sotheby's Hong Kong Five-Day Autumn Sale
Series

Zeng Fanzhi's The Last Supper
 Zeng Fanzhi's The Last Supper Sold for
 HK$180.44 million / US$23.1 million

World Auction Record For A
White Diamond
 A 118.28-Carat Oval D-Colour
 Flawless Diamond Achieves
 HK$238.68 Million / US$30.6
 Million

World Auction Record For A
Chinese Sculpture
 A Massive Ming Gilt-Bronze
 Figure Of A Seated Shakyamuni
 Buddha Sold For HK$236.44
 Million / US$30.3 Million

Zao Wou-ki's Abstraction

Five-Day Autumn Sale Series (4 to 8 October 2013) Realises HK$4.196 Billion /
                                US$538 Million

                         3,162 Lots Sold In Five Days

                   A photo from the auction is available at
            http://www.globenewswire.com/newsroom/prs/?pkgid=21425

 Sotheby's Announces a Major Auction of Modern & Contemporary Chinese Art in
   Beijing, Selling Exhibitions, Educational Programme From 28 November - 1
                                December 2013

Seminal Work by Zao Wou-Ki From the Collection of the Art Institute of Chicago
                     to Lead Sotheby's Auction in Beijing

HONG KONG, Oct. 8, 2013 (GLOBE NEWSWIRE) -- Today brought the curtain down on
a remarkable five-day run of 16 record-breaking auctions staged by Sotheby's
in Hong Kong, with numerous new benchmarks set in many categories. Together
they realised HK$4.196 billion / US$538 million, the highest grand total ever
achieved by any global arts business operating in Asia.

In the wake of these exceptional results, Sotheby's today unveils the top lot
from its December sale in Beijing, the company's second auction in mainland
China. Estimated at RMB 35 – 45 million / US$5.7 – 7.3 million, and consigned
to sale by the Art Institute of Chicago, one of the foremost museums in the
United States, Abstraction by Zao Wou-Ki comes to the market as demand for the
artist's work is at an all-time high (Sotheby's set a new record of US$10.9
million just two days ago in Hong Kong). Proceeds of the sale will be used for
acquisitions.

Highest-Ever Sale Series by a Global Arts Business in Asia

World Auction Record For Contemporary Asian Art, World Record For A Work By A
Living Chinese Artist

Zeng Fanzhi's The Last Supper

Sold for HK$180.44 million / US$23.1 million

A photo of Zeng Fanzhi's The Last Supper is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=21426

World Auction Record For A White Diamond

A 118.28-Carat Oval D-Colour Flawless Diamond Achieves HK$238.68 Million /
US$30.6 Million

A photo of the diamond is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=21427

World Auction Record For A Chinese Sculpture

A Massive Ming Gilt-Bronze Figure Of A Seated Shakyamuni Buddha Sold For
HK$236.44 Million / US$30.3 Million

A photo of the sculpture is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=21428

Patti Wong, Chairman of Sotheby's Asia, said: "With these, our 40^th
Anniversary sales in Hong Kong, we've taken the pulse of the Asian art market
– it's racing, and we are racing with it. Sotheby's Hong Kong Autumn 2013 sale
season demonstrates the importance of Hong Kong as an international selling
centre:we sourced exceptional properties from 44 countries and worldwide
bidding was evident as clients from 41 countries participated. Our reach
extends in Asia with around 15% of the clients who participated in this sale
series new to Sotheby's.

In our Hong Kong sale rooms these last few days, countless records have
tumbled, sale after sale has made more than any previous auction of its kind,
and now – with a final total of HK$4.196 billion / US$538 million – we've
reached a high watermark for auctions in Asia. From this vantage point, we now
look with a keen eye towards Beijing, the capital of China and centre of its
art market, where our December auction will be led by a rare work by Zao
Wou-ki consigned by an important American institution."

Sotheby's Brings Major Series of Arts Events to Beijing

Speaking of Sotheby's Beijing, Kevin Ching, Chief Executive Officer of
Sotheby's Asia, said: "Taking full advantage of the vibrant arts scene in the
capital of China, Sotheby's is delighted to announce our plans to mount an
exciting and comprehensive series of arts events in Beijing that we have
tailored to appeal to both new and established Chinese collectors and our
clients. Timed to the height of Beijing's prime sales season, these will
commence on 28 November with selling exhibitions and an educational programme
and will culminate in a major auction of Modern & Contemporary Chinese Art on
1 December. Continuing Sotheby's tradition of bringing great works of art to
market, the sale will be led by Abstraction, a 1958 painting by Zao Wou-ki,
one of the leading Chinese artists of his generation. The work (separate
release available), which has a pre-sale estimate of RMB35 - 45 million /
US$5.7 – 7.3 million*, comes from the collection of the Art Institute of
Chicago, one of the foremost museums in the United States. There is no
question that such an important work from a key period in the artist's oeuvre
and with a particularly distinguished provenance will generate immense
interest among discerning collectors worldwide. The December auction,
Sotheby's second in the capital city of China, will be the culmination of the
Company's celebration of its 40^th Anniversary in Asia."

A photo of Abstraction, a 1958 painting by Zao Wou-ki, is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=21429

Sotheby's Commitment to Beijing

Mr. Ching continued, "Sotheby's commitment to Beijing arises from the
capital's pre-eminence as the arts centre of China: four of the top five
auction houses are located in Beijing; virtually all of the top Chinese
artists and the vast majority of leading art galleries are Beijing-based."

Sotheby's Comprehensive Arts Events in Beijing(More details to be announced)

Venue: China World Summit Wing Beijing


AUCTION (1 December)
Auction of Modern and A major auction of Modern and Contemporary Chinese Art
Contemporary Chinese  will be led by a rare work, Abstraction, by Zao
Art                   Wou-ki(est. RMB 35 – 45 million / US$5.7 – 7.3 million).
SELLING EXHIBITIONS (28 November – 1 December)
                      Following the success of the inaugural selling
                      exhibitions of Modern Masters in 2010 and in 2012* in
                      Hong Kong, Sotheby's is delighted to present the third
                      edition of this series in Beijing, which focuses on
                      depictions of the figure. Over the ages, the depictions
The Third Edition of  of the figure were always the most highly prized and
Modern Masters*      considered the most significant in Western art. The
                      third installment of Modern Masters provides a glimpse
                      at the evolution of the representation of the figure
                      from the mid-19^th century symbolism of Gustave Moreau
                      through Barbizon school works by Jean-Baptiste-Camille
                      Corot to classic Impressionist pieces by Renoir and
                      Toulouse Lautrec.
                      Sotheby's Hong Kong presented Age of Elegance, a selling
                      exhibition of European Paintings, Furniture and Works of
                      Art from the nineteenth-century at the Company's Hong
                      Kong Gallery last November. The exhibition marked the
Age of Elegance*      first occasion Sotheby's offered European decorative
                      arts for sale in Asia. The second edition of this
                      selling exhibition will be brought to Beijing,
                      showcasing the artistic and technical excellence that
                      flourished in the European decorative arts in the
                      nineteenth century.
                      Sotheby's is pleased to present once again important
                      diamonds and stunning contemporary diamond jewellery
SOTHEBY'S DIAMONDS    from SOTHEBY'S DIAMONDS. Collectors and connoisseurs in
                      the region will have an opportunity to acquire rare gems
                      and beautiful jewels from a diverse range of styles.
                      (Details to be announced)
AUCTION PREVIEW (28 November – 1 December)
Highlights of the New York sale of Important Old Master Paintings will be
exhibited.
EDUCATIONAL PROGRAMMES (28 November – 1 December)
A series of educational programmes, including open-to-the-public lectures,
panel discussion and other components, organised by Sotheby's Institute will
also be held to promote art appreciation
MORE EVENTS AND EXHIBITIONS TO BE ANNOUNCED
*Both selling exhibitions - Modern Masters and Age of Elegance - will travel
to Hong Kong in January 2014.

NOTES TO EDITOR

1)Sale Statistics For Reference

Sotheby's Hong Kong Autumn 2013 Sale season demonstrates the importance of
Hong Kong as an international selling centre:

  *We sourced property from 44 countries and worldwide bidding was evident as
    clients from 41 countries participated.
  *Around 15% of clients in this sale series were new to Sotheby's, with many
    new clients from mainland China.

2)Totals Of Sotheby's Hong Kong Recent Sale Series

  *Sotheby's HK Spring 2013 Sale Series was HK$2,184,786,300 / US$280,100,808
  *Sotheby's HK Autumn 2012 Sale Series was HK$2,045,444,301 / US$262,236,449

3)For More News From Sotheby's

Visit: www.sothebys.com/en/inside/services/press/news/news.html

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Join: www.facebook.com/sothebys & www.weibo.com/sothebyshongkong

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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 in real-time
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, as
well as 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).

  *Estimates do not include buyer's premium and prices achieved include the
                      hammer price plus buyer's premium.

                      Images are available upon request

 All catalogues are available online at www.sothebys.com or through Sotheby's
                             Catalogue iPad App.

The photos are also available via AP PhotoExpress.

CONTACT: Hong Kong
         Rhonda Yung | +852 2822 8143 | rhonda.yung@sothebys.com
         Winnie Tang | +852 2822 8129 | winnie.tang@sothebys.com
         Carmen Ting | +852 2822 8140 | carmen.ting@sothebys.com
         Ruby Hung | +852 2822 8146 | ruby.hung@sothebys.com
        
         London
         Matthew Weigman | +44 (0)20 7293 6000
         matthew.weigman@sothebys.com
 
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