X0201 4 2003-10-31 0 0000823094 SOTHEBYS HOLDINGS INC BID 0001251399 HARTINGTON LORD 1334 YORK AVE NEW YORK NY 10021 1 1 0 0 Deputy Chairman Deferred Stock Units 2003-10-31 4 A 0 565 10.65 A Class A Ltd. Voting Common Stock 565 12430 D One for One The deferred stock units were accrued under the Sotheby's Holdongs, 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 that fractional shares, if any, will be settled in cash) after the reporting person's termination of service on the Sotheby's Holdings, Inc. Board. Lord Hartington 2003-11-03