X0202 4 2004-08-17 0 0000823094 SOTHEBYS HOLDINGS INC BID 0001248066 ZUCKERMAN MITCHELL 38500 WOODWARD AVENUE SUITE 100 BLOOMFIELD HILLS MI 48304 0 0 0 1 President, Financial Services Class A Ltd. Voting Common Stock 2004-08-17 4 C 0 10000 A 10000 D Class A Ltd. Voting Common Stock 2004-08-17 4 S 0 9000 15.49 D 1000 D Class A Ltd. Voting Common Stock 2004-08-17 4 S 0 500 15.56 D 500 D Class A Ltd. Voting Common Stock 2004-08-17 4 S 0 500 15.57 D 0 D Employee Stock Option-Right to Buy 8.65 2004-08-17 4 M 0 10000 D 2004-08-05 2013-08-04 Class B Common Stock 10000 30000 D Class B Common Stock 2004-08-17 4 M 0 10000 8.65 A Class A Ltd. Voting Common Stock 10000 61561 D Class B Common Stock 2004-08-17 4 C 0 10000 D Class A Ltd. Voting Common Stock 10000 51561 D The Issuer's Class B Common Stock is freely convertible into the Issuer's Class A Limited Voting Common Stock on a one-for-one basis. Granted under the Issuer's 1997 Employee Stock Option Plan. This number includes 51,561 shares of class B Common Stock acquired by Mr. Zuckerman from the Issuer under the Issuer's 2003 Restricted Stock Plan pursuant to the Issuer's Exchange Offer on March 31, 2004, all of which were previously reported in a timely fashion on a Form 4 filed with the Securities and Exchange Commission on April 2, 2004. These shares were inadvertently excluded from this column in an intervening Form 4 Filling due to a clerical error. Not Applicable Explanation of Responses: This Form 4 is being filed to report a stock option exercise by Mr. Zuckerman for the following: the exercise of 10,000 options for the same number of Issuer's Class B Common Stock shares at a price of $8.65 per share, the conversion of such Class B Common Stock shares to 10,000 Class A Limited Voting Common Stock shares and the sale of such Class A Limited Voting Common Stock shares. Mitchell Zuckerman 2004-08-19