X0306 4 2013-05-08 1 0000823094 SOTHEBYS BID 0001249593 BLAKENHAM MICHAEL 1334 YORK AVENUE NEW YORK NY 10021 1 0 0 0 Common Stock 2013-05-08 4 A 0 35276 A 35276 D Deferred Stock Units 2013-05-08 4 M 0 35276 A Common Stock 35276 0 D This is an automatic conversion of Mr. Blakenham's Deferred Stock Units under the Sotheby's 1998 Amended and Restated Stock Compensation Plan, for Non-Employee Directors,as a result of the director's termination of service on the Board on May 8, 2013 Not Applicable Due to an inadvertent administrative error on the December 31, 2012 Form 4, the number of derivative securities beneficially owned following reported transaction was inaccurately reported to be 2,465.15. The correct amount that should have been reported is 2,679.40. This Form 4 corrects this error. /s/ Gary Chard as Attorney-in-Fact 2013-05-10