X0303 4/A 2010-08-15 2010-08-16 0 0000823094 SOTHEBYS BID 0001249593 BLAKENHAM MICHAEL 1334 YORK AVENUE NEW YORK NY 10021 1 0 0 0 Deferred Stock Units 2010-08-15 4 A 0 769 A Common Stock 769 27364 D One for One The deferred stock units were accrued under the Sotheby's 1998 Stock Compensation Plan for Non-Employee Directors (as amended and restated, 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 Common Stock (except that fractional shares, if any, will be settled in cash) after the reporting person's termination of service on the Sotheby's Board. Not Applicable The Reporting Person was credited with an accrual of deferred stock units which was timely reported in a Form 4 on August 16, 2010 with the Securities and Exchange Commission ("SEC"). However, due to an inadvertent administrative error, the number of Derivative Securities Acquired figure and the amount of Securities Underlying Derivative Security figure was reported as 512 instead of 769. The foregoing errors also resulted in the Number of Derivative Securities Beneficially Owned Following Reporting Transaction figure being reported as 27,107 instead of 27,364. This Form 4 amendment corrects this error. /s/ Gary Chard as Attorney-in-Fact 2010-08-25