Source: Sotheby's

Sotheby's Declares Fourth Quarter 2009 Dividend

NEW YORK, Nov. 3, 2009 (GLOBE NEWSWIRE) -- The Board of Directors of Sotheby's (NYSE:BID) has declared a quarterly dividend of $0.05 for the fourth quarter of 2009. The fourth quarter dividend is payable on December 15, 2009 to shareholders of record as of December 1, 2009.

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.

CONTACT:  Sotheby's
          Press Department
          Diana Phillips
            212 606 7176
            Diana.Phillips@Sothebys.com
          Investor Relations
          Jennifer Park
            212 894 1023
            Jennifer.Park@Sothebys.com



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Symbol: BID
Last Trade: 19.77 (11/20/2009 ET)
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