X0202 4 2004-12-16 0 0000823094 SOTHEBYS HOLDINGS INC BID 0001249602 WOODHEAD ROBIN 38500 WOODWARD AVENUE SUITE 100 BLOOMFIELD HILLS MI 48304 1 1 0 0 EVP Chief Exec.Sot Euro & Asia Class A Ltd. Voting Common Stock 2004-12-16 4 C 0 25000 A 25000 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 100 18.24 D 24900 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 9400 18.25 D 15500 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 100 18.26 D 15400 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 1300 18.28 D 14100 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 1200 18.3 D 12900 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 800 18.34 D 12100 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 500 18.35 D 11600 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 6700 18.36 D 4900 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 1100 18.37 D 3800 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 1200 18.38 D 2600 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 300 18.39 D 2300 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 200 18.4 D 2100 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 800 18.41 D 1300 D Class A Ltd. Voting Common Stock 2004-12-16 4 S 0 1300 18.47 D 0 D Employee Stock Option-Right to Buy 8.65 2004-12-16 4 M 0 10000 D 2004-08-05 2013-08-04 Class B Common Stock 10000 30000 D Class B Common Stock 2004-12-16 4 M 0 10000 8.65 A Class A Ltd. Voting Common Stock 10000 72500 D Class B Common Stock 2004-12-16 4 C 0 10000 D Class A Ltd. Voting Common Stock 10000 62500 D Employee Stock Option-Right to Buy 11.24 2004-12-16 4 M 0 15000 D 2011-09-27 Class B Common Stock 15000 35000 D Class B Common Stock 2004-12-16 4 M 0 15000 11.24 A Class A Ltd. Voting Common Stock 15000 77500 D Class B Common Stock 2004-12-16 4 C 0 15000 D Class A Ltd. Voting Common Stock 15000 62500 D The Issuer's Class B Common Stock is freely convertible into the Issuer's Clss A Limited Voting Common Stock on a one-for-one basis. Granted under the Issuer's 1997 Employee Stock Option Plan. 9/28/2002 as to 10,000 options and 9/28/2003 as to the remaining 5,000 options exercised. Not Applicable This Form 4 is being filed to report a stock option exercise by Mr. Woodhead for the following: the exercise of 10,000 and 15,000 options for the same number of the Issuer's Class B Common Stock shares at a price of $8.65 and $11.24, respectively, per share, the conversion of such Class B Common Stock shares to 25,000 Class A Limited Voting Common Stock shares and the sales of such Class A Limited Voting Common Stock shares. /s/ Robin Woodhead 2004-12-17