X0202 4 2004-07-30 0 0000823094 SOTHEBYS HOLDINGS INC BID 0001249593 BLAKENHAM MICHAEL 38500 WOODWARD AVENUE SUITE 100 BLOOMFIELD HILLS MI 48304 1 0 0 0 Deferred Stock Units 2004-07-30 4 A 0 565 15.98 A Class A Ltd. Voting Common Stock 565 14125 D One For One The deferred stock units were accrued under the Sotheby's Holdings, Inc. 1998 Stock Compensation Plan for Non-Employee Directors (the "Plan") as a result of a partial or full deferral election with respect to stock compensation paid under the Plan. These units will be settled 100% in Sotheby's Holdings, Inc. Class A Limited Voting Common Stock (except for fractional shares, if any, will be settled in cash) after the reporting person's termination of service on the Sotheby's Holdings, Inc. Board. Michael Blakenham 2004-08-02